UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 72,965 Shares of Planet Labs PBC (NYSE:PL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Planet Labs PBC (NYSE:PLFree Report) by 16.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 377,522 shares of the company’s stock after selling 72,965 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Planet Labs PBC worth $842,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Planet Labs PBC in the second quarter valued at $632,000. Charles Schwab Investment Management Inc. raised its position in shares of Planet Labs PBC by 13.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,732,546 shares of the company’s stock worth $3,864,000 after acquiring an additional 201,084 shares in the last quarter. FMR LLC raised its position in shares of Planet Labs PBC by 25.3% in the 3rd quarter. FMR LLC now owns 454,339 shares of the company’s stock worth $1,013,000 after acquiring an additional 91,690 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Planet Labs PBC by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,850 shares of the company’s stock valued at $134,000 after purchasing an additional 5,395 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Planet Labs PBC during the 3rd quarter valued at about $61,000. 41.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PL shares. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 target price on shares of Planet Labs PBC in a report on Tuesday, December 10th. Craig Hallum boosted their target price on shares of Planet Labs PBC from $2.50 to $3.50 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Planet Labs PBC from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $4.50 price target (up from $4.00) on shares of Planet Labs PBC in a research note on Monday, December 9th. Finally, The Goldman Sachs Group cut their price objective on shares of Planet Labs PBC from $3.50 to $3.10 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Planet Labs PBC presently has an average rating of “Moderate Buy” and a consensus target price of $4.33.

View Our Latest Research Report on PL

Planet Labs PBC Price Performance

NYSE:PL opened at $3.88 on Friday. Planet Labs PBC has a one year low of $1.67 and a one year high of $4.99. The company has a market cap of $1.15 billion, a PE ratio of -9.46 and a beta of 1.34. The firm has a 50-day moving average of $3.11 and a 200-day moving average of $2.49.

Planet Labs PBC Profile

(Free Report)

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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Institutional Ownership by Quarter for Planet Labs PBC (NYSE:PL)

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