New insider activity at Planet Labs PBC ( (PL) ) has taken place on October 8, 2025.
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Director Carl Bass has made a significant move by selling 376,748 shares of Planet Labs PBC stock, amounting to a total transaction value of $5,899,873.
Recent Updates on PL stock
Planet Labs PBC has seen significant developments recently, including a $7.5 million contract renewal with the U.S. Navy for vessel detection and monitoring, and an extension of its partnership with European research organization VITO to enhance Earth observation capabilities. These strategic moves have contributed to a positive outlook for the company, leading Wedbush to raise its price target for Planet Labs. The analyst cited the company’s growing traction in both government and commercial sectors, a rebound in its commercial sector, and a strong backlog of $735 million, with 35% expected to be realized in the next 12 months, as reasons for the increased price target. Additionally, Planet Labs has shipped two Pelican satellites and 36 SuperDoves to a launch site, further supporting its growth trajectory. The company’s stock has also seen bullish option activity, indicating positive investor sentiment.
Spark’s Take on PL Stock
According to Spark, TipRanks’ AI Analyst, PL is a Neutral.
Planet Labs PBC’s overall stock score is primarily driven by strong earnings call highlights, including revenue growth and backlog expansion. However, financial performance is hindered by profitability challenges and negative cash flow, while technical indicators suggest potential overbought conditions. The valuation remains unattractive due to negative earnings.
To see Spark’s full report on PL stock, click here.
More about Planet Labs PBC
YTD Price Performance: 294.96%
Average Trading Volume: 11,057,039
Technical Sentiment Signal: Buy
Current Market Cap: $4.69B