Bank of New York Mellon Corp boosted its stake in shares of Planet Labs PBC (NYSE:PL – Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 636,374 shares of the company’s stock after buying an additional 56,124 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.22% of Planet Labs PBC worth $1,184,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in PL. Victory Capital Management Inc. lifted its stake in shares of Planet Labs PBC by 30.9% during the 4th quarter. Victory Capital Management Inc. now owns 22,370 shares of the company’s stock valued at $55,000 after buying an additional 5,284 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Planet Labs PBC during the 4th quarter valued at $144,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Planet Labs PBC in the fourth quarter worth $34,000. King Luther Capital Management Corp purchased a new stake in shares of Planet Labs PBC in the fourth quarter worth $963,000. Finally, Teramo Advisors LLC boosted its stake in Planet Labs PBC by 3.8% during the fourth quarter. Teramo Advisors LLC now owns 1,100,000 shares of the company’s stock valued at $2,717,000 after buying an additional 40,000 shares during the period. Institutional investors own 41.71% of the company’s stock.
Planet Labs PBC Stock Performance
NYSE PL opened at $2.06 on Friday. The business’s fifty day moving average is $2.31 and its 200 day moving average is $2.10. Planet Labs PBC has a fifty-two week low of $1.67 and a fifty-two week high of $2.89. The company has a market capitalization of $598.99 million, a PE ratio of -4.29 and a beta of 1.00.
Analyst Upgrades and Downgrades
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Planet Labs PBC Profile
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.
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