The price of Planet Labs PBC (NYSE:PL) shares last traded on Wall Street fell -3.20% to $5.45.
PL stock price is now 13.82% away from the 50-day moving average and 86.10% away from the 200-day moving average. The market capitalization of the company currently stands at $1.63B.
With the price target maintained at $7, Craig Hallum recently Upgraded its rating from Hold to Buy for Planet Labs PBC (NYSE: PL). On January 24, 2025, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $6.30, while ‘Needham’ rates the stock as ‘Buy’
In other news, Johnson Ashley F., CFO & COO sold 1,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $2,530 at an average price of $2.53. Upon completion of the transaction, the CFO & COO now directly owns 1,957,012 shares in the company, valued at $10.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, CFO & COO Johnson Ashley F. sold 1,000 shares of the business’s stock. A total of $2,180 was realized by selling the stock at an average price of $2.18. This leaves the insider owning 838,882 shares of the company worth $4.57 million. A total of 32.63% of the company’s stock is owned by insiders.
During the past 12 months, Planet Labs PBC has had a low of $1.67 and a high of $6.71. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 2.32, and a quick ratio of 2.32.
The net profit margin was -48.88% and return on equity was -23.67% for PL. The company reported revenue of $61.27 million for the quarter, compared to $55.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.63 percent.
