Analyzing Planet Labs PBC (PL) After Recent Trading Activity


Planet Labs PBC’s recently made public that its CFO & COO Johnson Ashley F. unloaded Company’s shares for reported $3750.0 on Aug 01. In the deal valued at $3.75 per share,1,000 shares were sold. As a result of this transaction, Johnson Ashley F. now holds 902,116 shares worth roughly $ 3.0 million.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Then, Johnson Ashley F. sold 1,000 shares, generating $3,250 in total proceeds. Upon selling the shares at $3.25, the CFO & COO now owns 905,174 shares.

Before that, Johnson Ashley F. sold 500 shares. Planet Labs PBC shares valued at $2,500 were divested by the CFO & COO at a price of $5.00 per share. As a result of the transaction, Johnson Ashley F. now holds 933,538 shares, worth roughly $3.11 million.

JMP Securities initiated its Planet Labs PBC [PL] rating to a Mkt outperform in a research note published on Friday, May 02, 2023; the price target was $5.50. PT values the company’s stock at a premium of 39.45 to its Friday closing price.

Price Performance Review of PL

On Friday, Planet Labs PBC [NYSE:PL] saw its stock jump 2.46% to $3.33. On the same session, the stock had its day’s lowest price of $3.27, but rose to a high of $3.34. Over the last five days, the stock has gained 6.73%. Planet Labs PBC shares have fallen nearly -23.45% since the year began. Nevertheless, the stocks have fallen -39.23% over the past one year. While a 52-week high of $7.51 was reached on 02/02/23, a 52-week low of $3.00 was recorded on 06/28/23. SMA at 50 days reached $3.32, while 200 days put it at $4.17. A total of 0.75 million shares were traded, compared to the trading of 0.83 million shares in the previous session.

Levels Of Support And Resistance For PL Stock

The 24-hour chart illustrates a support level at 3.29, which if violated will result in even more drops to 3.24. On the upside, there is a resistance level at 3.36. A further resistance level may holdings at 3.38. The Relative Strength Index (RSI) on the 14-day chart is 50.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.53%. Stochastics %K at 52.01% indicates the stock is a holding.

How much short interest is there in Planet Labs PBC?

A steep rise in short interest was recorded in Planet Labs PBC stocks on Aug 14, 2023, growing by 0.46 million shares to a total of 10.93 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 10.47 million shares. There was a rise of 4.21%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.06.

According to FactSet, Planet Labs PBC’s share price will average $6.36 in the next year, based on opinions of analysts polled by the firm. This is up nearly 84.62 percent from its previous closing price of $3.25. Analysts expect Planet Labs PBC stock to reach the higher price of $8.00, while the lowest price estimate is $5.00. However, 11 analysts have rated PL stock as a Buy in their predictions for 2023.


Please enter your comment!
Please enter your name here