Planet Labs slides as traders take profits after space-stock rally, ahead of June earnings

Planet Labs PBC (PL) is down 7.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to profit-taking and a broader cooling in “space stock” momentum after a sharp run-up, with some investors turning more cautious ahead of Planet’s next earnings report. This could also reflect sensitivity to valuation and risk appetite after a strong year-to-date rally.

Details:

The stock has had a very large year-to-date gain, which can set up sharp pullbacks when traders rotate out of higher-volatility names.

Recent trading has been volatile across space- and satellite-themed equities, following an initial surge in enthusiasm tied to broader aerospace/IPO optimism.

Planet is approaching its next earnings release (scheduled for June 4, 2026), which can lead to de-risking and position trimming ahead of the event.

Some commentary has pointed to tempered near-term expectations after the rally, with investors reassessing how much growth is already priced in.

Sources:

TipRanks, AOL, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PL Insider Trading Activity

$PL insiders have traded $PL stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

Here’s a breakdown of recent trading of $PL stock by insiders over the last 6 months:

ASHLEY F. JOHNSON (President & CFO) has made 0 purchases and 4 sales selling 350,731 shares for an estimated $11,092,021.
WILLIAM SPENCER MARSHALL (Co-Founder and CEO) has made 0 purchases and 2 sales selling 400,000 shares for an estimated $10,886,360.
ROBERT H SCHINGLER (Co-Founder Chief Strategy Off.) has made 0 purchases and 2 sales selling 147,465 shares for an estimated $4,012,393.
KRISTEN ROBINSON sold 47,835 shares for an estimated $1,289,631
ITA M BRENNAN sold 36,500 shares for an estimated $1,237,579
VIJAYA GADDE sold 20,000 shares for an estimated $535,350

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$PL Hedge Fund Activity

We have seen 256 institutional investors add shares of $PL stock to their portfolio, and 177 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

AMERICAN CENTURY COMPANIES INC added 5,733,394 shares (+7134.3%) to their portfolio in Q1 2026, for an estimated $160,248,362
BLACKROCK, INC. added 5,235,560 shares (+25.9%) to their portfolio in Q1 2026, for an estimated $146,333,902
ALLIANCEBERNSTEIN L.P. added 3,797,295 shares (+1578.9%) to their portfolio in Q1 2026, for an estimated $106,134,395
D. E. SHAW & CO., INC. added 3,470,024 shares (+54.1%) to their portfolio in Q4 2025, for an estimated $68,428,873
ALPHABET INC. added 3,306,252 shares (+10.4%) to their portfolio in Q1 2026, for an estimated $92,409,743
UBS GROUP AG added 2,835,917 shares (+363.1%) to their portfolio in Q1 2026, for an estimated $79,263,880
LORD, ABBETT & CO. LLC added 2,475,619 shares (+inf%) to their portfolio in Q1 2026, for an estimated $69,193,551

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PL Analyst Ratings

Wall Street analysts have issued reports on $PL in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/13/2026
Clear Street issued a "Buy" rating on 12/29/2025
Needham issued a "Buy" rating on 12/11/2025

To track analyst ratings and price targets for $PL, check out Quiver Quantitative's $PL forecast page.

$PL Price Targets

Multiple analysts have issued price targets for $PL recently. We have seen 8 analysts offer price targets for $PL in the last 6 months, with a median target of $35.0.

Here are some recent targets:

Dan Ives from Wedbush set a target price of $50.0 on 05/14/2026
Anthony Valentini from Goldman Sachs set a target price of $20.0 on 04/20/2026
John Godyn from Citigroup set a target price of $35.0 on 04/02/2026
Kristine Liwag from Morgan Stanley set a target price of $35.0 on 03/25/2026
Ryan Koontz from Needham set a target price of $40.0 on 03/20/2026
Colin Canfield from Cantor Fitzgerald set a target price of $40.0 on 03/20/2026
Gregory Pendy from Clear Street set a target price of $34.0 on 03/20/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.