IQ EQ FUND MANAGEMENT IRELAND Ltd Has $1 Million Stake in Planet Labs PBC $PL

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Planet Labs PBC (NYSE:PL) by 24.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 163,948 shares of the company’s stock after buying an additional 32,403 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.05% of Planet Labs PBC worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PL. Liontrust Investment Partners LLP grew its position in shares of Planet Labs PBC by 175.0% during the 1st quarter. Liontrust Investment Partners LLP now owns 1,066,133 shares of the company’s stock worth $3,604,000 after buying an additional 678,486 shares during the period. Goldman Sachs Group Inc. grew its position in Planet Labs PBC by 54.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company’s stock valued at $6,274,000 after purchasing an additional 653,173 shares during the period. Nuveen LLC acquired a new stake in Planet Labs PBC in the 1st quarter valued at $1,668,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Planet Labs PBC by 144.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 709,657 shares of the company’s stock valued at $2,399,000 after purchasing an additional 419,773 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Planet Labs PBC by 41.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,323,263 shares of the company’s stock valued at $4,473,000 after purchasing an additional 389,375 shares during the period. Institutional investors and hedge funds own 41.71% of the company’s stock.

Analysts Set New Price Targets

PL has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Planet Labs PBC in a research report on Wednesday, October 8th. Citizens Jmp downgraded shares of Planet Labs PBC from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 21st. JMP Securities restated a “market perform” rating on shares of Planet Labs PBC in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Planet Labs PBC from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Finally, Cantor Fitzgerald raised their price objective on Planet Labs PBC from $8.50 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Planet Labs PBC has a consensus rating of “Moderate Buy” and a consensus target price of $11.26.

Insider Activity at Planet Labs PBC

In other news, insider Robert H. Schingler sold 81,656 shares of Planet Labs PBC stock in a transaction on Monday, October 13th. The stock was sold at an average price of $15.50, for a total transaction of $1,265,668.00. Following the sale, the insider directly owned 1,288,843 shares in the company, valued at $19,977,066.50. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.53% of the stock is owned by insiders.

Planet Labs PBC Price Performance

NYSE PL opened at $12.90 on Wednesday. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of -42.99 and a beta of 1.99. Planet Labs PBC has a one year low of $2.18 and a one year high of $16.78. The business’s fifty day moving average is $11.12 and its 200-day moving average is $7.20.

Planet Labs PBC (NYSE:PL) last released its earnings results on Monday, September 8th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $73.39 million for the quarter, compared to the consensus estimate of $65.88 million. Planet Labs PBC had a negative return on equity of 20.25% and a negative net margin of 34.46%.The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts expect that Planet Labs PBC will post -0.37 EPS for the current fiscal year.

About Planet Labs PBC

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company’s platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.