Planet Labs PBC (NYSE:PL) Shares Bought by Barclays PLC

Barclays PLC grew its stake in shares of Planet Labs PBC (NYSE:PL) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,147 shares of the company’s stock after acquiring an additional 65,181 shares during the period. Barclays PLC’s holdings in Planet Labs PBC were worth $728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC acquired a new position in shares of Planet Labs PBC in the 3rd quarter valued at about $45,000. Algert Global LLC acquired a new position in shares of Planet Labs PBC in the 2nd quarter valued at about $38,000. Vontobel Holding Ltd. boosted its holdings in shares of Planet Labs PBC by 81.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 22,270 shares of the company’s stock valued at $50,000 after buying an additional 10,000 shares during the period. nVerses Capital LLC acquired a new position in shares of Planet Labs PBC in the 3rd quarter valued at about $61,000. Finally, Intech Investment Management LLC acquired a new position in shares of Planet Labs PBC in the 3rd quarter valued at about $135,000. 41.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PL has been the subject of several research reports. 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 report on Monday, December 9th. Craig Hallum lifted their price target on shares of Planet Labs PBC from $2.50 to $3.50 and gave the company a “hold” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Planet Labs PBC from $4.00 to $4.50 and gave the company a “buy” rating in a report on Tuesday, December 17th. Citigroup upped their target price on shares of Planet Labs PBC from $4.05 to $5.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Needham & Company LLC restated a “buy” rating and issued a $5.00 target price on shares of Planet Labs PBC in a research report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.33.

Planet Labs PBC Trading Up 2.9 %

NYSE PL opened at $3.84 on Thursday. The company has a 50-day moving average price of $3.75 and a two-hundred day moving average price of $2.77. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -9.37 and a beta of 1.32. Planet Labs PBC has a 52 week low of $1.67 and a 52 week high of $4.99.

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.