Kestra Advisory Services LLC makes new $51,000 investment in Planet Labs PBC (NYSE:PL)
Kestra Advisory Services LLC bought a new stock position in Planet Labs PBC (NYSE: PL – Get Rating) in the first quarter, according to the company in its latest SEC filing. The institutional investor bought 10,014 shares of the company, valued at around $51,000.
A number of other large investors have also recently bought and sold shares of the company. The Canada Pension Plan Investment Board bought a new stake in shares of Planet Labs PBC during the 4th quarter for a value of approximately $47,970,000. Goldman Sachs Group Inc. purchased a new stake in shares of Planet Labs PBC during Q4 for a value of approximately $35,414,000. Data Collective II GP LLC purchased a new stake in shares of Planet Labs PBC during Q4 for a value of approximately $22,877,000. EDBI Pte Ltd purchased a new stake in shares of Planet Labs PBC during Q4 for a value of approximately $6,553,000. Finally, Exchange Traded Concepts LLC increased its equity stake in Planet Labs PBC by 35.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 691,007 shares of the company worth $3,510,000 after purchasing an additional 180,885 shares in the last quarter. Institutional investors and hedge funds own 43.33% of the company’s shares.
Planet Labs Stock PBC up 2.4%
NYSE PL shares opened at $5.14 on Thursday. The stock’s fifty-day moving average price is $5.10 and its two-hundred-day moving average price is $5.27. Planet Labs PBC has a one-year minimum of $3.70 and a one-year maximum of $12.15.
Planet Labs PBC (NYSE:PL – Get Rating) last released its quarterly earnings data on Tuesday, June 14. The company reported ($0.17) EPS for the quarter, beating analyst consensus estimates of ($0.19) by $0.02. The company posted revenue of $40.13 million in the quarter, compared to analyst estimates of $39.46 million. Equity research analysts expect Planet Labs PBC to post -0.72 EPS for the current year.
Changes to analyst ratings
PL has been the subject of a number of research analyst reports. Craig Hallum lowered his price target on Planet Labs PBC from $15.00 to $10.00 in a Wednesday, June 15 research note. Needham & Company LLC lowered its price target on Planet Labs PBC from $10.50 to $8.00 and set a “buy” rating on the stock in a Wednesday, June 15 research note. Finally, Benchmark lowered its price target on Planet Labs PBC from $15.00 to $11.00 and set a “buy” rating on the stock in a Wednesday, June 15 research note. Five equity research analysts rated the stock with a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $10.00.
Planet Labs PBC Company Profile
(Get a rating)
Planet Labs PBC designs, builds and launches constellations of satellites to provide high-rate geospatial data delivered to customers via an online platform worldwide. The company offers Open Geospatial Consortium, a proprietary, cloud-native technology that performs critical image processing and global harmonization for time series and data fusion and analysis; and space hardware and related software systems.
Want to see which other hedge funds hold PL? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Planet Labs PBC (NYSE: PL – Get Rating).
Get news and reviews for Planet Labs PBC Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Planet Labs PBC and related companies with MarketBeat.com’s free daily email newsletter.