Planet Labs PBC (NYSE:PL) shares traded -2.44% lower at $4.40 on Wall Street last session.
PL stock price is now 66.89% away from the 50-day moving average and 96.73% away from the 200-day moving average. The market capitalization of the company currently stands at $1.29B.
With the price target reduced from $7 to $5, Needham maintained Buy rating for Planet Labs PBC (NYSE: PL). , while ‘JMP Securities’ rates the stock as ‘Mkt Outperform’
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 $8.61 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 $3.69 million. A total of 33.29% 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 $4.59. 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 fifty day moving average price for PL is $2.5894 and a two-hundred day moving average price translates $2.2259 for the stock.
The latest earnings results from Planet Labs PBC (NYSE: PL) was released for 2024-07-31. The net profit margin was -57.71% and return on equity was -26.87% for PL. The company reported revenue of $61.09 million for the quarter, compared to $53.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.64 percent.
