Barclays PLC Has $728,000 Holdings in Planet Labs PBC (NYSE:PL)

Barclays PLC grew its holdings in Planet Labs PBC (NYSE:PL) by 25.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,147 shares of the company’s stock after purchasing an additional 65,181 shares during the period. Barclays PLC’s holdings in Planet Labs PBC were worth $728,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Valeo Financial Advisors LLC purchased a new position in Planet Labs PBC during the third quarter valued at approximately $45,000. Algert Global LLC purchased a new position in shares of Planet Labs PBC during the 2nd quarter valued at $38,000. Vontobel Holding Ltd. increased its stake in shares of Planet Labs PBC by 81.5% in the third quarter. Vontobel Holding Ltd. now owns 22,270 shares of the company’s stock worth $50,000 after acquiring an additional 10,000 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Planet Labs PBC during the third quarter worth $61,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Planet Labs PBC during the third quarter worth $135,000. 41.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on Planet Labs PBC from $3.50 to $3.10 and set a “buy” rating for the company in a research note on Tuesday, September 10th. JMP Securities reiterated a “market outperform” rating and issued a $4.50 target price (up from $4.00) on shares of Planet Labs PBC in a research note on Monday, December 9th. Craig Hallum raised 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. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of Planet Labs PBC in a report on Tuesday, December 10th. Finally, Citigroup raised their target price on Planet Labs PBC from $4.05 to $5.00 and gave the company a “buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4.33.

Planet Labs PBC Trading Down 4.0 %

NYSE:PL opened at $4.04 on Wednesday. The firm has a market capitalization of $1.20 billion, a PE ratio of -9.85 and a beta of 1.34. Planet Labs PBC has a 1 year low of $1.67 and a 1 year high of $4.99. The firm’s fifty day simple moving average is $3.41 and its 200 day simple moving average is $2.62.

About Planet Labs PBC

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.