LA Financiere DE L Echiquier Has $3.12 Million Stock Position in Planet Labs PBC (NYSE:PL)

LA Financiere DE L Echiquier lifted its holdings in shares of Planet Labs PBC (NYSE:PLGet Rating) by 163.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 613,000 shares of the company’s stock after buying an additional 380,000 shares during the period. LA Financiere DE L Echiquier owned about 0.23% of Planet Labs PBC worth $3,115,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PL. Tradewinds Capital Management LLC acquired a new position in shares of Planet Labs PBC during the 4th quarter worth $39,000. GoalVest Advisory LLC acquired a new position in shares of Planet Labs PBC during the 1st quarter worth $41,000. Kestra Advisory Services LLC acquired a new position in shares of Planet Labs PBC during the 1st quarter worth $51,000. Navalign LLC acquired a new position in shares of Planet Labs PBC during the 1st quarter worth $57,000. Finally, Private Advisor Group LLC acquired a new position in shares of Planet Labs PBC during the 4th quarter worth $64,000. Institutional investors and hedge funds own 43.33% of the company’s stock.

Planet Labs PBC Trading Down 1.0 %

Shares of NYSE PL traded down $0.05 during trading on Thursday, reaching $5.09. The company had a trading volume of 21,301 shares, compared to its average volume of 3,018,613. The company’s fifty day moving average price is $5.10 and its 200-day moving average price is $5.27. Planet Labs PBC has a 12 month low of $3.70 and a 12 month high of $12.15.

Planet Labs PBC (NYSE:PLGet Rating) last released its quarterly earnings results on Tuesday, June 14th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The company had revenue of $40.13 million during the quarter, compared to the consensus estimate of $39.46 million. On average, analysts expect that Planet Labs PBC will post -0.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PL shares. Craig Hallum lowered their target price on Planet Labs PBC from $15.00 to $10.00 in a report on Wednesday, June 15th. Benchmark lowered their target price on Planet Labs PBC from $15.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, June 15th. Finally, Needham & Company LLC lowered their target price on Planet Labs PBC from $10.50 to $8.00 and set a “buy” rating for the company in a report on Wednesday, June 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $10.00.

About Planet Labs PBC

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Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems.

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Institutional Ownership by Quarter for Planet Labs PBC (NYSE:PL)

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