Vontobel Holding Ltd. Has $57,000 Stock Holdings in Planet Labs PBC (NYSE:PL)

Vontobel Holding Ltd. decreased its position in shares of Planet Labs PBC (NYSE:PL) by 36.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,086 shares of the company’s stock after selling 8,184 shares during the period. Vontobel Holding Ltd.’s holdings in Planet Labs PBC were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. ArrowMark Colorado Holdings LLC increased its position in shares of Planet Labs PBC by 28.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,817,000 shares of the company’s stock worth $4,052,000 after acquiring an additional 400,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Planet Labs PBC by 90.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 388,129 shares of the company’s stock worth $866,000 after purchasing an additional 184,111 shares in the last quarter. Aspiring Ventures LLC purchased a new stake in shares of Planet Labs PBC during the 4th quarter valued at $849,000. Barclays PLC raised its position in shares of Planet Labs PBC by 25.0% during the 3rd quarter. Barclays PLC now owns 326,147 shares of the company’s stock valued at $728,000 after buying an additional 65,181 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Planet Labs PBC by 5.7% during the 3rd quarter. State Street Corp now owns 4,272,633 shares of the company’s stock valued at $9,528,000 after purchasing an additional 230,076 shares during the last quarter. Institutional investors and hedge funds own 41.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PL shares. Craig Hallum raised shares of Planet Labs PBC from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Thursday, January 30th. Citigroup boosted their target price on shares of Planet Labs PBC from $4.05 to $5.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Northland Securities upped their price target on shares of Planet Labs PBC from $5.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Needham & Company LLC upped their price target on shares of Planet Labs PBC from $5.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, JMP Securities boosted their target price on shares of Planet Labs PBC from $4.50 to $6.50 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Planet Labs PBC presently has a consensus rating of “Buy” and an average target price of $6.27.

Planet Labs PBC Stock Down 8.9 %

NYSE:PL opened at $4.97 on Friday. Planet Labs PBC has a 52 week low of $1.67 and a 52 week high of $6.71. The stock has a market capitalization of $1.47 billion, a PE ratio of -12.11 and a beta of 1.40. The stock’s 50-day moving average price is $4.85 and its 200-day moving average price is $3.42.

Planet Labs PBC Company 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.