<div id="readability-page-1"><p>Shares of Planet Labs PBC (NYSE:PL - Get Free Report) gapped up before the market opened on Friday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $16.00 to $17.00. The stock had previously closed at $17.47, but opened at $18.44. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Planet Labs PBC shares last traded at $18.1260, with a volume of 8,455,444 shares trading hands.</p><ul><li>Prologis Stock Surges: Why the Rally May Continue</li></ul><p>Other research analysts have also recently issued research reports about the stock. Needham &amp; Company LLC boosted their price objective on shares of Planet Labs PBC from $16.00 to $22.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday. JMP Securities  reaffirmed a &#34;market perform&#34; rating on shares of Planet Labs PBC in a research note on Tuesday, October 21st. Wedbush lifted their price objective on Planet Labs PBC from $17.00 to $20.00 and gave the stock an &#34;outperform&#34; rating in a research report on Thursday. Cantor Fitzgerald upped their target price on shares of Planet Labs PBC from $8.50 to $20.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday, October 17th. Finally, Citizens Jmp cut shares of Planet Labs PBC from an &#34;outperform&#34; rating to a &#34;market perform&#34; rating in a research report on Tuesday, October 21st. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one  has issued  a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $14.46.</p><div><p><span></span><span>Get <strong>Planet Labs PBC</strong> alerts:</span></p></div><p><b>Read Our Latest Report on PL</b></p><h2>Insider Buying and Selling at Planet Labs PBC</h2><ul><li>3 Dividend Stocks to Hold Through Market Volatility This Fall</li></ul><p>In related news, insider Robert H. Schingler sold 81,656 shares of Planet Labs PBC stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $15.50, for a total transaction of $1,265,668.00. Following the transaction, the insider owned 1,288,843 shares of the company's stock, valued at $19,977,066.50. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through this link. 17.53% of the stock is owned by corporate insiders. </p><h2>Hedge Funds Weigh In On Planet Labs PBC</h2><p>Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of  Planet Labs PBC by 66.5% in the 3rd quarter. Allworth Financial LP now owns 30,162 shares of the company's stock valued at $392,000 after buying an additional 12,044 shares in the last quarter.  Swiss Life Asset Management Ltd acquired a new position in  Planet Labs PBC in the third quarter valued at about $134,000.  Cambria Investment Management L.P. grew its stake in  Planet Labs PBC by 25.0% in the third quarter. Cambria Investment Management L.P. now owns 142,743 shares of the company's stock valued at $1,853,000 after acquiring an additional 28,548 shares during the period.  CIBC Bancorp USA Inc. bought a new stake in shares of  Planet Labs PBC in the third quarter worth about $323,000.  Finally, Ariadne Wealth Management LP raised its position in shares of  Planet Labs PBC by 8.8% during the third quarter. Ariadne Wealth Management LP now owns 11,202 shares of the company's stock worth $145,000 after purchasing an additional 905 shares during the period. 41.71% of the stock is owned by institutional investors. </p><h2>Planet Labs PBC Trading Up 3.3%</h2><ul><li>5 Space Stocks That Could Soar in the Next Decade</li></ul><p>The company has a fifty day moving average price of $13.06 and a two-hundred day moving average price of $9.17. The firm has a market cap of $5.56 billion, a P/E ratio of -43.15 and a beta of 2.00. </p><p>Planet Labs PBC (NYSE:PL - Get Free Report) last announced its earnings results on Wednesday, December 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.17). Planet Labs PBC had a negative return on equity of 29.41% and a negative net margin of 45.87%.The company had revenue of $81.25 million for the quarter, compared to analyst estimates of $72.02 million. The business's quarterly revenue was up 32.6% on a year-over-year basis.  As a group, sell-side analysts expect that  Planet Labs PBC will post -0.37 EPS for the current year. </p><h2>About Planet Labs PBC</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Planet Labs PBC</li><li>Dividend Screener: How to Evaluate Dividend Stocks Before Buying</li><li>Qualcomm Just Got Called an AI Loser—So Why Is It Rallying?</li><li>How to Invest in Tech Stocks and Top Tech Stocks to Consider</li><li>2 Small-Cap Biotechs That Could Reward Patient Investors</li><li>Technology Stocks Explained: Here's What to Know About Tech</li><li>Santa Claus May Be Coming Early for Palantir Investors</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Planet Labs PBC Right Now?</h2><p>Before you consider Planet Labs PBC, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Planet Labs PBC wasn't on the list.</p><p>While Planet Labs PBC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Planet Labs PBC (NYSE:PL) shares surged after Deutsche Bank Aktiengesellschaft raised their price target from $16.00 to $17.00, opening at $18.44 from a previous close of $17.47. The stock has a buy rating from Deutsche Bank and other analysts. Insider Robert H. Schingler sold 81,656 shares. Institutional investors have increased their positions. The company reported a quarterly revenue of $81.25 million, up 32.6% year-over-year, but missed EPS estimates. Planet Labs designs and launches satellite constellations for geospatial data.</p>

Planet Labs PBC (NYSE:PL) Shares Gap Up on Analyst Upgrade