Planet Labs PBC (NYSE:PL) Insider Robert Schingler Sells 73,683 Shares

Planet Labs PBC (NYSE:PL) insider Robert Schingler sold 73,683 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $35.07, for a total value of $2,584,062.81. Following the sale, the insider owned 256,488 shares in the company, valued at approximately $8,995,034.16. This trade represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Planet Labs PBC Trading Up 3.8%

Shares of NYSE PL opened at $36.52 on Thursday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.64 and a current ratio of 1.65. The business’s 50 day moving average price is $26.70 and its 200-day moving average price is $20.09. Planet Labs PBC has a fifty-two week low of $2.92 and a fifty-two week high of $38.21. The company has a market cap of $12.64 billion, a price-to-earnings ratio of -46.82 and a beta of 1.83.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.43). Planet Labs PBC had a negative return on equity of 69.61% and a negative net margin of 80.22%.The business had revenue of $86.82 million during the quarter, compared to analysts’ expectations of $78.17 million. The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. On average, sell-side analysts expect that Planet Labs PBC will post -0.37 earnings per share for the current year.

Trending Headlines about Planet Labs PBC

Here are the key news stories impacting Planet Labs PBC this week:

• Positive Sentiment: Planet demonstrated on-orbit AI capability — Pelican-4 ran AI object detection in space (part of its NVIDIA strategic initiative), a technical milestone that supports faster on-orbit analytics and premium product offerings. Planet Successfully Runs AI in Space
• Positive Sentiment: Fleet expansion: Planet shipped three additional Pelican satellites to Vandenberg ahead of a SpaceX rideshare — this should improve revisit cadence and long-term data product capacity for commercial and government customers. Planet Ships Three Additional Pelicans to Launch Site
• Positive Sentiment: Analyst momentum: several firms have raised price targets and reiterated Buy ratings (Citigroup raised its target, Deutsche Bank and others have upgraded coverage), supporting upside expectations. Planet Labs PBC (PL): Among the Best Aerospace Stocks to Buy Right Now
• Neutral Sentiment: Industry comparisons and bullish narratives (e.g., “Going Dark” coverage) are circulating; they can tilt sentiment but don’t change Planet’s near-term fundamentals. Going Dark: A Strange Buy Signal from the Stars
• Negative Sentiment: Material insider selling: CFO Ashley Johnson sold 200,000 shares (~$7.02M) at ~ $35.10 on April 2; investors often interpret large insider sales as a near-term negative for sentiment. SEC filing: SEC Filing
• Negative Sentiment: Founding insider Robert H. Schingler sold 73,683 shares under a Rule 10b5‑1 plan (≈$2.58M) on April 6, further adding to net insider selling headlines. Insider Trades – Schingler
• Negative Sentiment: Regulatory/operational risk: Planet complied with a U.S. government request to withhold imagery of Iran and parts of the Middle East indefinitely — this could reduce available data for some commercial customers and highlights geo-political operational risk. Reuters: Planet Labs to indefinitely withhold Iran war images

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Planet Labs PBC in a report on Thursday, January 22nd. Cantor Fitzgerald increased their price target on Planet Labs PBC from $20.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Citigroup increased their price target on Planet Labs PBC from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Craig Hallum reiterated a “buy” rating and issued a $30.00 price target on shares of Planet Labs PBC in a report on Tuesday, January 13th. Finally, Morgan Stanley increased their price target on Planet Labs PBC from $26.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 25th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.70.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wellington Shields & Co. LLC increased its holdings in Planet Labs PBC by 2.8% during the 4th quarter. Wellington Shields & Co. LLC now owns 15,776 shares of the company’s stock worth $311,000 after purchasing an additional 435 shares during the period. Xponance LLC boosted its position in Planet Labs PBC by 3.1% during the 4th quarter. Xponance LLC now owns 18,656 shares of the company’s stock valued at $368,000 after acquiring an additional 555 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Planet Labs PBC by 5.4% during the 4th quarter. Wealthfront Advisers LLC now owns 12,715 shares of the company’s stock valued at $251,000 after acquiring an additional 657 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in Planet Labs PBC by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 33,090 shares of the company’s stock valued at $653,000 after acquiring an additional 690 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Planet Labs PBC by 92.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock valued at $31,000 after acquiring an additional 745 shares in the last quarter. 41.71% of the stock is currently owned by hedge funds and other institutional investors.

Planet Labs PBC Company Profile

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company’s multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet’s imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.