Planet Labs PBC (NYSE:PL) Shares Gap Up After Earnings Beat

Planet Labs PBC (NYSE:PL)’s share price gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $18.35, but opened at $19.64. Planet Labs PBC shares last traded at $18.1990, with a volume of 7,578,959 shares trading hands.

The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. Planet Labs PBC had a negative net margin of 111.17% and a negative return on equity of 105.29%. The business had revenue of $116.05 million during the quarter, compared to analyst estimates of $104.53 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The company’s quarterly revenue was up 58.2% on a year-over-year basis.

More Planet Labs PBC News

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

• Positive Sentiment: Planet reported fiscal Q2 2027 revenue of $116.1 million, up 58% year over year and well above the $104.5 million consensus estimate. Adjusted EPS was $0.02, beating expectations for a $0.02 loss. Planet Reports Financial Results for Second Quarter of Fiscal Year 2027
• Positive Sentiment: The company signed a seven-figure agreement with a European defense and intelligence customer, reinforcing demand for its satellite imagery and analytics in government and defense markets. Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer
• Positive Sentiment: Berenberg upgraded Planet to “strong buy,” while Needham maintained a “buy” rating and set a $40 price target, despite reducing its target from $53. These calls imply substantial potential upside from current levels.
• Neutral Sentiment: New Street Research upgraded PL from “sell” to “neutral,” signaling reduced bearishness but not a bullish recommendation.
• Negative Sentiment: Planet guided for fiscal Q3 revenue of $101 million to $105 million, below the $114.3 million analyst consensus. This near-term outlook appears to be the primary reason the stock has decreased following the earnings release.
• Negative Sentiment: Fiscal-year revenue guidance of $430 million to $441 million is broadly around consensus, but the company remains unprofitable, with a negative net margin and negative return on equity. That increases sensitivity to any slowdown in growth.

Analysts Set New Price Targets

PL has been the subject of several analyst reports. Needham & Company LLC reduced their price objective on Planet Labs PBC from $53.00 to $40.00 and set a “buy” rating for the company in a research report on Friday. Berenberg Bank initiated coverage on Planet Labs PBC in a research note on Wednesday. They set a “buy” rating and a $25.00 target price on the stock. The Goldman Sachs Group increased their price target on Planet Labs PBC from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Northland Securities set a $50.00 price objective on shares of Planet Labs PBC in a research note on Friday, June 5th. Finally, New Street Research upgraded shares of Planet Labs PBC from a “sell” rating to a “neutral” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Planet Labs PBC presently has a consensus rating of “Hold” and a consensus target price of $33.56.

Insider Buying and Selling

In related news, insider Robert H. Schingler sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $25.92, for a total transaction of $648,000.00. Following the completion of the sale, the insider directly owned 225,171 shares in the company, valued at approximately $5,836,432.32. This trade represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John W. Raymond sold 6,494 shares of Planet Labs PBC stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $26.16, for a total transaction of $169,883.04. Following the completion of the transaction, the director owned 37,114 shares in the company, valued at approximately $970,902.24. This trade represents a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 171,122 shares of company stock worth $4,148,906 in the last ninety days. 16.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Planet Labs PBC

Large investors have recently modified their holdings of the stock. American Capital Advisory LLC acquired a new stake in shares of Planet Labs PBC during the first quarter worth $28,000. Western Wealth Management LLC acquired a new position in shares of Planet Labs PBC in the 1st quarter valued at $28,000. Parkside Financial Bank & Trust boosted its position in shares of Planet Labs PBC by 92.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock valued at $31,000 after purchasing an additional 745 shares during the period. Pittenger & Anderson Inc. increased its stake in Planet Labs PBC by 40.9% in the 1st quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company’s stock worth $38,000 after purchasing an additional 395 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new stake in Planet Labs PBC during the 3rd quarter worth about $39,000. 41.71% of the stock is owned by institutional investors.

Planet Labs PBC Trading Down 1.3%

The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 1.01. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of -15.86 and a beta of 2.10. The company has a fifty day simple moving average of $23.84 and a 200-day simple moving average of $30.12.

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.