Planet Labs PBC (NYSE:PL) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Planet Labs PBC (NYSE:PL) issued its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01), Zacks reports. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.

Planet Labs PBC Price Performance

NYSE PL traded down $1.57 on Thursday, reaching $18.42. 30,351,032 shares of the company’s stock traded hands, compared to its average volume of 12,029,232. Planet Labs PBC has a 12 month low of $6.26 and a 12 month high of $51.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.81 and a quick ratio of 2.78. The stock has a 50-day simple moving average of $24.00 and a 200 day simple moving average of $30.15. The stock has a market cap of $6.56 billion, a PE ratio of -16.16 and a beta of 2.10.

Insider Buying and Selling

In other Planet Labs PBC news, CFO Ashley F. Johnson sold 75,035 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $1,656,772.80. Following the completion of the sale, the chief financial officer owned 1,132,122 shares in the company, valued at approximately $24,997,253.76. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John W. Raymond sold 6,494 shares of the company’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $26.16, for a total transaction of $169,883.04. Following the sale, the director owned 37,114 shares of the company’s stock, valued at $970,902.24. This represents a 14.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 171,122 shares of company stock worth $4,148,906 in the last 90 days. 16.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PL. Van ECK Associates Corp lifted its stake in Planet Labs PBC by 320.3% in the fourth quarter. Van ECK Associates Corp now owns 7,678,938 shares of the company’s stock worth $151,429,000 after acquiring an additional 5,851,758 shares during the period. Invesco Ltd. boosted its stake in shares of Planet Labs PBC by 265.6% during the 3rd quarter. Invesco Ltd. now owns 3,450,479 shares of the company’s stock valued at $44,787,000 after purchasing an additional 2,506,595 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Planet Labs PBC by 257.5% during the third quarter. Two Sigma Investments LP now owns 2,362,275 shares of the company’s stock valued at $30,662,000 after buying an additional 1,701,535 shares during the period. Marshall Wace LLP increased its position in shares of Planet Labs PBC by 10,305.7% during the second quarter. Marshall Wace LLP now owns 1,509,248 shares of the company’s stock valued at $9,206,000 after buying an additional 1,494,744 shares during the period. Finally, Bank of America Corp DE raised its stake in Planet Labs PBC by 477.9% in the second quarter. Bank of America Corp DE now owns 1,349,603 shares of the company’s stock worth $8,233,000 after buying an additional 1,116,055 shares in the last quarter. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PL shares. Weiss Ratings raised shares of Planet Labs PBC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Craig Hallum boosted their price target on shares of Planet Labs PBC from $36.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Wedbush initiated coverage on shares of Planet Labs PBC in a report on Wednesday, July 1st. They issued an “outperform” rating and a $50.00 price target on the stock. Zacks Research upgraded shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Berenberg Bank started coverage on shares of Planet Labs PBC in a report on Wednesday. They set a “buy” rating and a $25.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Planet Labs PBC presently has an average rating of “Hold” and an average target price of $34.56.

Planet Labs PBC News Roundup

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

• Positive Sentiment: Planet reported record second-quarter fiscal 2027 revenue of $116.1 million, up 58% year over year, and said it achieved its fourth consecutive quarter meeting or exceeding the Rule of 40. Planet Reports Financial Results for Second Quarter of Fiscal Year 2027
• Positive Sentiment: Planet signed a seven-figure agreement with a European defense and intelligence customer, supporting the company’s strategy of expanding its government and national-security business. Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer
• Positive Sentiment: Berenberg Bank initiated or reiterated a Buy rating on Planet Labs, adding favorable analyst coverage to the stock. Planet Labs PBC Gets a Buy from Berenberg Bank
• Neutral Sentiment: Commercial space and satellite stocks broadly pulled back despite gains in major market indexes, indicating sector-wide selling pressure contributed to Planet’s weakness. Planet Labs Sinks Despite New Defense Contract
• Negative Sentiment: Quarterly adjusted EPS was a $0.03 loss, narrowly missing the expected $0.02 loss. Planet also reported a negative net margin of 111.17% and negative return on equity of 105.29%, keeping profitability concerns in focus. Planet Labs Quarterly Results Press Release

About Planet Labs PBC

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.