Barclays PLC Raises Stock Position in Planet Labs PBC $PL

Market Beat
2026.03.10 07:03
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Barclays PLC increased its stake in Planet Labs PBC by 758.1% in Q3, owning 3,727,743 shares valued at $48.39 million. Other institutional investors also raised their holdings. Planet Labs' stock rose 2.3% to $25.87, with a market cap of $8.11 billion. The company reported $0.00 EPS, exceeding estimates, and revenue of $81.25 million, up 32.6% year-over-year. Insider trading included CFO selling 150,731 shares. Analysts maintain a positive outlook on the stock, with Cantor Fitzgerald reaffirming an "overweight" rating.