Planet Labs PBC has a 1-year low of $3.70 and a 1-year high of $12.15

Allworth Financial LP Purchases New Holdings in Planet Labs PBC (NYSE:PL)

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Allworth Financial LP purchased a new stake in shares of Planet Labs PBC (NYSE:PLGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,532 shares of the company’s stock, valued at approximately $94,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PL. Tradewinds Capital Management LLC acquired a new position in Planet Labs PBC during the fourth quarter valued at approximately $39,000. Private Advisor Group LLC acquired a new position in Planet Labs PBC during the fourth quarter valued at approximately $64,000. Meristem Family Wealth LLC acquired a new position in Planet Labs PBC during the fourth quarter valued at approximately $65,000. Advisor Group Holdings Inc. acquired a new position in Planet Labs PBC during the fourth quarter valued at approximately $72,000. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of Planet Labs PBC in the fourth quarter valued at approximately $78,000. 43.33% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on PL shares. Craig Hallum cut their price objective on Planet Labs PBC from $15.00 to $10.00 in a research report on Wednesday, June 15th. Benchmark cut their price objective on Planet Labs PBC from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, June 15th. Finally, Needham & Company LLC cut their price objective on Planet Labs PBC from $10.50 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, June 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Planet Labs PBC presently has a consensus rating of “Buy” and an average target price of $10.00.

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Shares of NYSE PL opened at $4.84 on Monday. Planet Labs PBC has a 1-year low of $3.70 and a 1-year high of $12.15. The business’s 50 day moving average is $5.03 and its 200-day moving average is $5.37.

Planet Labs PBC Company Profile (Get Rating)

Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems.

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