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Planet Labs PBC

Planet Labs PBC (PL)

2.01
-0.06
(-2.90%)
Closed April 13 4:00PM
2.07
0.06
(2.99%)
After Hours: 7:48PM

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Key stats and details

Current Price
2.07
Bid
-
Ask
-
Volume
1,403,280
2.00 Day's Range 2.07
1.99 52 Week Range 5.00
Market Cap
Previous Close
2.07
Open
2.05
Last Trade
5
@
2.01
Last Trade Time
Financial Volume
$ 2,858,659
VWAP
2.0371
Average Volume (3m)
1,282,640
Shares Outstanding
287,625,952
Dividend Yield
-
PE Ratio
-19.20
Earnings Per Share (EPS)
-0.56
Revenue
191.26M
Net Profit
-161.97M

About Planet Labs PBC

Planet Labs PBC is an Earth imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action. Planet Labs PBC is an Earth imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.

Sector
Radio, Tv Broadcast, Comm Eq
Industry
Blank Checks
Website
Headquarters
Dover, Delaware, USA
Founded
2021
Planet Labs PBC is listed in the Radio, Tv Broadcast, Comm Eq sector of the New York Stock Exchange with ticker PL. The last closing price for Planet Labs PBC was $2.07. Over the last year, Planet Labs PBC shares have traded in a share price range of $ 1.99 to $ 5.00.

Planet Labs PBC currently has 287,625,952 shares outstanding. The market capitalization of Planet Labs PBC is $3.11 billion. Planet Labs PBC has a price to earnings ratio (PE ratio) of -19.20.

PL Latest News

Planet Announces Planet Insights Platform with Powerful Tooling for Unlocking Earth Observation Data

Planet Labs PBC (NYSE: PL) today announced Planet Insights Platform, the all-in-one place for creating Earth insights. Planet Insights Platform is a milestone in the journey to unify Planet’s...

From Miles Above, Satellite Data Helps Spot Hazardous Trees and Reduce Wildfire Risk

From Miles Above, Satellite Data Helps Spot Hazardous Trees and Reduce Wildfire Risk PR Newswire OAKLAND, Calif., April 8, 2024 PG&E Expands Contract with Planet to use Satellite Data to...

Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2024

Delivers Record Full Year Revenue of $220.7 Million, up 15% Year-over-Year Surpasses One Thousand Customers in Fourth Quarter FY’24 Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a...

US Stock Futures Stable in Pre-Market On Path for Consecutive Quarterly Gains, Oil Prices Rise

U.S. index futures are nearly unchanged in pre-market trading this Thursday. The indexes are on track to close the second consecutive quarter with positive outcomes, in addition to marking the...

Planet Expands Strategic Partnership with SynMax, Offering Customers AI-Enhanced Vessel Identification, Classification, and Smart Surveillance Capabilities

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that they have expanded into a new strategic partnership agreement with SynMax, a...

Planet Upgrades Crop Biomass Planetary Variable to Include Daily PlanetScope Data

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced improvements to its Crop Biomass Planetary Variable, including the integration of its daily...

Planet Adds to its Planetary Variable Product Suite with Automated Field Boundary Detection

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the release of Field Boundaries, the latest add in their suite of advanced data feeds called...

Planet Awarded Contract for Vessel Detection and Monitoring by Naval Information Warfare Center (NIWC) Pacific

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced its fully owned subsidiary, Planet Labs Federal Inc., was awarded a seven-figure contract by...

Planet to Announce Fiscal Fourth Quarter and Full Year 2024 Results on Thursday, March 28, 2024

Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal fourth quarter and full year 2024 financial results for...

Planet Satellite Data Now Available on Google Cloud Marketplace

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that their PlanetScope satellite data is now available on Google Cloud Marketplace through...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.010.4854368932042.062.16213155682.09226967CS
4-0.1-4.608294930882.172.67216526992.29224074CS
12-0.03-1.428571428572.12.671.9912826402.25754741CS
26-0.4-16.19433198382.472.671.9913952602.29989868CS
52-2.06-49.87893462474.1351.9916221002.94975456CS
156-7.73-78.87755102049.812.151.9918365465.09828038CS
260-7.73-78.87755102049.812.151.9918365465.09828038CS

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PL Discussion

View Posts
Bionic Man Bionic Man 4 weeks ago
Did you give up on this company?
👍️0
Bionic Man Bionic Man 4 weeks ago
How did that work out? Watching this company now.
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Rayn_Makr Rayn_Makr 4 months ago
BBC providing Planet images.
I imagine that over the coming years that image analysis will become significantly more sophisticated and informative. Sad that war drives that sort of thing, eh?
https://www.bbc.com/news/world-middle-east-67565872
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Ksweets101 Ksweets101 9 months ago
Picked up some Jan 2024 $5 option contracts.
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Ksweets101 Ksweets101 9 months ago
Starting picking up some option contracts here. Going to go a couple different routes :). Very impressed with PL’s work. Nice catch with imagery on the ZNPP.
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Rayn_Makr Rayn_Makr 10 months ago
The God's Eye view of Earth now has a Brain.

The application of AI to the imagery Planet Labs provides is powerful beyond my imagination. This relationship may prove extremely valuable since it will help differentiate PL from the others in this field and also drive adaptation. Having an automated software tool for image characterization is a perfect fit. Watching to see if Synthetaic goes public.

https://www.synthetaic.com/
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Rayn_Makr Rayn_Makr 2 years ago
Keeping an eye on Ukraine.

https://finance.yahoo.com/news/global-heritage-fund-leveraging-planet-070000186.html
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Rayn_Makr Rayn_Makr 2 years ago
Imagery of Russian airbase in the Crimea before (8/9/2022) and after (8/10/2022) explosions left no doubt that the damage was substantial.

"The before and after images from Planet Labs, which monitors hundreds of satellite feeds over Ukraine, are the first independent confirmation that the base may have been damaged. Until now, details about the extent of the explosions' impact have been scarce."

https://www.bbc.com/news/world-europe-62500560

These PL images have been widely distributed through the major media outlets.
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Justfactsmam Justfactsmam 2 years ago
WATCH FOR BREAKOUT...above 6.76...pennies from 50MA... then to 7, and Blue Skys to $11.00

HOW MUCH DATA HAS PL supplied U. S. Military bought and continues to increase for Eastern Europe and UKRAINE surveillance ????

Looking for a 50% growth forecast in March ...

Acquisition target? IMO Likely!
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Justfactsmam Justfactsmam 2 years ago
Great buying opportunity...as daytraders short on low vol...watch recovery at eod...to $6 as shorts cover
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Justfactsmam Justfactsmam 2 years ago
...watch closely...if Russia invades Ukraine (IMO 90% likely)...Taiwan will be in play... then a Critical world crisis with U.S. (Biden) not having the balls to defend Taiwan.

PL will become more of a VITAL service to the U.S military than it is now...for drone surveillance of Russian and Chinese troop and naval movements...

IMO Look for a Defense Company quickly to acquire PL ... (IMO $20 or more)
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realnewb realnewb 2 years ago
10.50 this will fomo and go to teens lol. I just keep adding under 5.50
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Corey3055 Corey3055 2 years ago
Another Price target of $10
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realnewb realnewb 2 years ago
Netflix and Peloton really put some juice into the correction. At least it's SSR Monday. Let the air come out of some other valuation and hopefully there's some semblance of a bounce Tuesday in the indices.
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retireat40 retireat40 2 years ago
Or not. Terrible day here today.
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realnewb realnewb 2 years ago
Same this is the reversal. Nice upside potential with upgrades and from a TA perspective.
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jbsliverer jbsliverer 2 years ago
Even now in my long account. Yay. Started about 10 and averaged down to about 7. Time for trend up now? Looking for an enter in trade account here maybe on the next dip or continuance. We'll see how it plays out, might get some action. Lets go PL.
👍️0
TrendTrade2016 TrendTrade2016 2 years ago
PL heres 7 dolla...fast move to 7.43
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TrendTrade2016 TrendTrade2016 2 years ago
PL up in pre....7 bucks today!!!
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TrendTrade2016 TrendTrade2016 2 years ago
slow and steady, lets see that 7.dolla again first...its trading as expected in a volatile market, makers trying to create fear with these fast swings...60 min building its foundation.....4 hour almost ready
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realnewb realnewb 2 years ago
Can't Wait. There was some nice accumulation before that flag broke down today. Added more @6.45
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TrendTrade2016 TrendTrade2016 2 years ago
PL next stop....7.43
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TrendTrade2016 TrendTrade2016 2 years ago
The shorts played the gap and trap off the GS call. With 3 analysts calling 11.00, the 50 day is in play. Scanning the earth

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realnewb realnewb 2 years ago
https://www.nasdaq.com/market-activity/stocks/pl/institutional-holdings

Next update should be heavy, I'd assume they added on the downturn. Float is much thinner than is presented on data sites and there is most likely a bunch of shirts trapped from the CNBC pop Friday plus whoever didn't cover on the midweek consolidation after first test of 7.
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realnewb realnewb 2 years ago
I think this has some steam behind it. When is the updated short information released this week? Also they updated the institutional holdings on nasdaq site.
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TrendTrade2016 TrendTrade2016 2 years ago
ready to test 7 bucks from the previous pop, had to fill the Goldman gap
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Justfactsmam Justfactsmam 2 years ago
With SpaceX tied at the hip with PL...its become a natural fit for acquisition by Elon!

Meanwhile, The more satellites launched, the more the margins and ebitda increases and the more exponential the price becomes.
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TrendTrade2016 TrendTrade2016 2 years ago
PL heading to space
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TrendTrade2016 TrendTrade2016 2 years ago
PL Goldman Sachs with a 11 PT
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Corey3055 Corey3055 2 years ago
Launch is only a few days away!!!
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Corey3055 Corey3055 2 years ago
Countdown to launch...
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ombowstring ombowstring 2 years ago
Or maybe Google is just declaring ownership of previously acquired shares? I don't know; I haven't been following developments all that closely.
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ombowstring ombowstring 2 years ago
Google apparently bought 31,942,641 shares of PL on Dec. 7th, 2021.

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001836833/7cd0caf6-8a9e-45f2-ad96-fb4539dd178a.pdf

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001836833/f9dd4f89-f40a-4536-a72c-f44326fadac4.pdf
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JackAskSlap JackAskSlap 2 years ago
Free money today imo
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wiredawg wiredawg 2 years ago
Agreed, I'm in no hurry as I would like to acquire more shares and I'm tapped for the year. I would to acquire more shares at these prices...so no worries. Also, I'm guessing the whole Fed policies is playing a role here regarding what the market is willing to pay...

GLTA and Happy Holidays...
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JackAskSlap JackAskSlap 2 years ago
Worth having patience here
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Rock_nj Rock_nj 2 years ago
Brutal selloff after the Q report. It wasn’t a bad report or outlook, but holders were obviously hoping for more.
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jbsliverer jbsliverer 2 years ago

Leading-Edge Science Using Planet Data Presented At AGU 2021
Tanya Harrison | December 10, 2021
https://www.planet.com/pulse/leading-edge-science-using-planet-data-presented-at-agu-2021/

It’s that time of year again: Nearly 30,000 geoscientists from around the world gather every December for the American Geophysical Union (AGU) Fall Meeting, the largest of its kind. Planet is always excited to see what innovative science applications researchers have discovered using our data! This year, 70 abstracts were submitted from researchers accessing data through pathways such as our Education and Research program, the NASA Commercial SmallSat Data Acquisition (CSDA) Program, and Norway’s International Climate and Forests Initiative (NICFI). The conference will run as a hybrid virtual and in-person event this year from December 13 through 17.

Some of the highlights of presentations this year featuring Planet data:

The combined high spatial and temporal resolution of PlanetScope provides the unprecedented ability to perform phenological analysis of ecosystems at the individual tree level from orbit. Yasmin Fitts and colleagues at NASA’s Goddard Space Flight Center and GET Géosciences Environnement Toulouse did such an analysis across the Sahel in West Africa.
A team led by Hannah Friedrich at the University of Arizona used sensor fusion across PlanetScope, Landsat, Sentinel-2, and MODIS, along with radar and passive microwave data, to perform automated flood mapping via machine learning.
Utilizing PlanetScope Basemaps via the NICI program, Nyein Soe Thwal of the Asian Disaster Preparedness Center and colleagues developed a transfer learning approach for automated mapping sugarcane in Thailand—the world’s second largest exporter of the resource.
Sarah Wegmueller of the University of Wisconsin Madison is giving an invited talk on a time-series-based early detection and monitoring system that uses PlanetScope and Sentinel-2 satellite imagery to map abnormal mortality in forests.
Anders Bjork of University of Copenhagen will discuss mapping over new land being exposed as the Greenland ice sheet retreats due to climate change.
Planet is convening an entire session on data fusion for Earth observation science.
Additionally, a few Planeteers will be presenting at the conference:

I’ll be giving an invited talk about how U.S. federally-funded researchers can access Planet data through NASA’s Commercial SmallSat Data Acquisition (CSDA) Program.
Rasmus Houborg, Principal Geospatial Fusion Engineer, will be presenting a poster on Planet Fusion monitoring.
Our exciting recently-announced Carbon Mapper project will be presented by Sara Shivers, Product Manager, Hyperspectral Imaging.
Solutions Architect Samapriya Roy will be discussing details of the NICFI program.
You can view the entire scientific program for the AGU Fall Meeting online. Be sure to check out the talks and/or posters mentioned here, and browse the schedule for more amazing science in the works that will help us better understand our ever-evolving Earth.
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jbsliverer jbsliverer 2 years ago
Seeking Alpha did a condensed piece today, but a fuller text came out last Fri with the news;


https://www.planet.com/pulse/planet-to-acquire-vandersat-to-deliver-advanced-agriculture-data-products-to-customers/

Planet To Acquire VanderSat To Deliver Advanced Agriculture Data Products To Customers
Robbie Schingler | November 10, 2021

We are excited to announce that Planet has entered into an agreement to acquire VanderSat, a leading provider of advanced earth data and analytics. Vandersat’s innovative products help customers better measure and understand water management and crop health in major markets. Planet intends to leverage VanderSat’s technologies and products in further pursuit of bringing to market next-generation solutions that combine the best of commercial and public satellite data to provide clear and actionable information to help industries, non-profits, and governments around the world.

VanderSat has world-class expertise in providing insights to customers by drawing from NASA, ESA and JAXA satellite data, and has built a suite of novel products that report on key conditions on the Earth’s surface, like soil moisture, land surface temperature, vegetation optical depth, and biomass. VanderSat’s unique algorithms deliver daily, global data products with great accuracy, unhindered by changing cloud-cover and atmospheric conditions.

“VanderSat is a mission-driven company with the goal to serve one billion hectares of land in 2024. By joining Planet, our mission and impact will be dramatically accelerated and together, we aim to reach that goal in 2022,” said Dr. Thijs van Leeuwen, CEO of VanderSat.

“We’re thrilled to be welcoming the VanderSat team to Planet. We expect VanderSat’s analytics and industry expertise will help Planet provide solutions ‘up the stack’ to bridge the gap from complex remote-sensing science to products that offer improved data to the ecosystem and our customers. And when one combines their new data with Planet’s, the value is far greater than the sum of its parts,” said Will Marshall, CEO and Co-Founder of Planet. “We believe VanderSat’s products will add value in Planet’s core verticals of agriculture, and civil government, and will help us open up to others such as insurance and banking, to help grow our business.”

At Planet, one of our goals is to bridge the gap between real-world problems and the complexity of remote-sensing science. VanderSat is another step towards that goal with their advanced analytics. We believe their products will accelerate and expand our position in one of our most important verticals – agriculture – and help mature our offerings for others such as insurance, civil government, and finance. For example, easier-to-consume data can enable modeling to help financial institutions and insurers quantify climate impacts on water availability and crop production.

Adding VanderSat’s unique, all-weather data products to Planet’s high-cadence and high-resolution global monitoring will bring even greater value to users in agriculture, civil government and insurance by providing them with richer insights and more precise measurements. Plus, Planet’s unique platform and integrations will make these products more accessible than ever before.

The VanderSat team is based in Haarlem, Netherlands and will further increase Planet’s commitment to the European ecosystem. The entire team, including their founder Dr. Richard de Jeu and CEO Dr. van Leeuwen, will be joining Planet.

Under the agreement, Planet is set to acquire VanderSat for approximately $28 million, which consists of $18 million in shares of Class A common stock of Planet Labs PBC, valued at a per share price equal to the closing price of Class A common stock of Planet Labs PBC on the NYSE on the last trading day prior to the consummation of the acquisition of VanderSat, and approximately $10 million in cash.

The transaction is expected to close in Q4 2021 and is subject to customary closing conditions, as well as the closing of Planet’s business combination with dMY Technology Group, Inc. IV (“dMY IV”). This will be Planet’s fourth acquisition (BlackBridge ‘15, Terra Bella ‘17, and Boundless ‘19).

We are thrilled to welcome VanderSat to the Planet family!

Important Information and Where to Find It

This press release may be deemed solicitation material in respect of the proposed Business Combination between dMY IV and Planet. The Business Combination will be submitted to the stockholders of dMY IV and Planet for their approval. In connection with the vote of dMY IV’s stockholders, dMY IV has filed a Registration Statement with SEC, which includes a proxy statement/prospectus and certain other related documents. dMY IV has also commenced mailing the definitive proxy statement/prospectus and a proxy card to each stockholder of record as of October 19, 2021 entitled to vote at the special meeting relating to the Business Combination. dMY IV also will file other documents regarding the proposed transaction with the SEC. This communication does not contain all the information that should be considered concerning the proposed Business Combination and the other matters to be voted upon at the special meeting and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. dMY IV’s stockholders and other interested parties are urged to read the definitive proxy statement and any other relevant documents that are filed or furnished or will be filed or will be furnished with the SEC carefully and in their entirety in connection with dMY IV’s solicitation of proxies for the special meeting, as these materials will contain important information about Planet and dMY IV and the proposed Business Combination and other related matters. Stockholders will also be able to obtain copies of these materials, without charge, once available, at the SEC’s website at http://www.sec.gov, at the Company’s website at https://www.dmytechnology.com or by written request to dMY Technology Group, Inc. IV at 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144

Participants in the Solicitation

dMY IV, dMY Sponsor IV, LLC, Planet and their respective directors and executive officers may be deemed participants in the solicitation of proxies from dMY IV’s stockholders with respect to the Business Combination. A list of the names of those directors and executive officers and a description of their interests in dMY IV is included in the the definitive proxy statement of dMY IV for the Business Combination and is available at www.sec.gov. You may obtain free copies of these documents as described in the preceding paragraph.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 with respect to the proposed transaction between dMY IV and Planet and the proposed acquisition of Vandersat by Planet, including expected benefits of that transaction. Actual results may differ from these forward-looking statements and you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “would,” “believes,” “predicts,” “potential,” “strategy,” “opportunity,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside dMY IV’s and Planet’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the risks and uncertainties indicated from time to time in the proxy statement/prospectus relating to the Business Combination, including those under “Risk Factors” therein, and in dMY IV’s other filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties described in the proxy statement/prospectus discussed above and other documents filed by dMY IV from time to time with the SEC. These filings identify and address or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

Forward-looking statements speak only as of the date they are made. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. dMY IV and Planet caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. dMY IV and Planet do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

No Offer or Solicitation

This press release is for informational purposes only and shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
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Rock_nj Rock_nj 2 years ago
News on closing of acquisition!

SAN FRANCISCO & HAARLEM, Netherlands, December 13, 2021--(BUSINESS WIRE)--Planet, a leading provider of daily data and insights about Earth, today announced the completion of its acquisition of VanderSat, a leading provider of advanced earth data and analytics. Planet recently became a publicly-traded company, Planet Labs PBC (NYSE: PL).
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wiredawg wiredawg 2 years ago
Earnings Call Mon, 13Dec2021

https://investors.planet.com/events-and-presentations/events/event-details/2021/Fiscal-Third-Quarter-2022-Earnings-Call/default.aspx
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wiredawg wiredawg 2 years ago
Sure, but these days I see it all the time. I saw these types of mistakes with folks I supervised, and it drove me crazy. I'm no English/composition major but damn...but here's the thing very few cared above me.

But I digress if this mistake is enough for you to question the viability of "PL" then I say dump and move on. Again, this is a spec play it could crash and burn, do nothing for years or take off because many will use/need what it's offering.

GLTY
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wiredawg wiredawg 2 years ago
At this moment no idea, I just happen to come across this gem (hopefully a gem) in no particular way and read up on their website, sounded interesting. We'll just have to wait and see if their vision is what the world wants/needs. I don't expect any real movement until they start reporting profitable numbers & a way forward the market interprets as profitable. So definitely spec play here. Earnings call, Monday 13 Dec:

https://investors.planet.com/events-and-presentations/events/event-details/2021/Fiscal-Third-Quarter-2022-Earnings-Call/default.aspx

GLTA
👍️0
nowwhat2 nowwhat2 2 years ago
I just believe it discredits the analyst significantly (if their college education can't tell the difference between imaging and imagining)


It's like : Holy smokes......Should one believe ANYTHING this guy says ?
👍️0
wiredawg wiredawg 2 years ago
Easy, I see grammatical mistakes daily by journalists/educators quite frequently. Is this a reason to not believe in PL going forward or the analyst that wrote the statement? Not enough for me to worry about.

👍️0
WebSlinger WebSlinger 2 years ago
WestPark Capital also has a Buy rating and $16 price target:

"WestPark Capital initiates coverage on dMY Technology Group Inc (NYSE:DMYQ) with a Buy rating and announces Price Target of $16."

https://docoh.com/news/benzinga/24064786/westpark-capital-initiates?fromCompany=1836833
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nowwhat2 nowwhat2 2 years ago
My !.....How coulde they make such a spelling mistake ?

"...capable of imagining the entire Earth daily.....".





👍️0
Rock_nj Rock_nj 2 years ago
Thanks! I have a feeling this selloff is technical in nature as flippers from the merger event exit. I hope it reverses hard to the upside once the company lays out its vision to the market.
👍️0
wiredawg wiredawg 2 years ago
Current ownerships: 77%+ Investment Managers and almost 4% Brokerage Firms.

I know of 3 different Analysts:

dMY Technology Group IV initiated with a Buy at Benchmark Benchmark analyst Josh Sullivan initiated coverage of dMY Technology Group IV - which is in the process of merging with Planet Labs - with a Buy rating and $17 price target. Planet Labs has a unique satellite imagery constellation portfolio that includes both a high-resolution constellation combined with "the world's largest Earth Observation constellation capable of imagining the entire Earth daily," making it simultaneously a play on space markets, software and data analytics, Sullivan tells investors. As established playe, he believes Planet Labs' unique data services platform will be an "emerging force in sustainability monitoring/enforcement as well as global business operations digitalization," the analyst added.

Read more at:
https://thefly.com/n.php?id=3404731

dMY Technology Group IV initiated with an Outperform at Northland Northland analyst Michael Latimore initiated coverage of dMY Technology Group IV - which is in the process of merging with Planet Labs - with an Outperform rating and $16 price target. Planet is "the first and only data subscription company that captures a picture daily of every inch of the globe" and such unique properties give it an attractive business model with high recurring revenue and growth, Latimore tells investors. He forecasts 15% growth in FY22 and 46% in FY23 for Planet, noted Latimore.

Read more at:
https://thefly.com/n.php?id=3405901

dMY Technology Group IV initiated with a Buy at Craig-Hallum Craig-Hallum analyst Jeff Van Rhee initiated coverage of dMY Technology Group IV with a Buy rating and $15 price target.

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https://thefly.com/n.php?id=3377600
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jbsliverer jbsliverer 2 years ago
I don't know, the market has it's ways that can be disappointing. There was over 2.5 million shares traded today, so there has to be many who wanted to buy. There has been a change of money toward value instead of growth or speculative, along with tax selling and other factors making for a pretty volatile market. PL has only got a few days under it's belt, so can't even get any bead on the chart, and we don't have any fundamentals acquired or the normal valuation analysis yet as a public company. It doesn't have the "crowd" behind it for a meme stock, or dine and dash spikes, so I would expect a boring slow going effect at first and for the rest of year. But you never know, it could surge upward or downward any time for no obvious reason.

We do know that Planet is not just a new company, has some big names/money behind this and a partnership with Google. They also own the largest fleet of satellites around the world with paying customers. We also know that the space industry will be growing at a pretty high rate in the next few years with a rush to claim and gain as much control over the "final frontier" real estate. PL has a pretty good start in that endeavor.

It's all speculative and higher risk, but I'm looking toward next year a few months from now to start seeing progress and the chance for them to use that “sizable war chest to really think about strategic moves,” that they have with the half a billion in capitol they got from listing. Space is an expensive business.

So we'll have to see what the future will bring, whether the air goes completely flat or gets pressurized. But I do think we need to give a bit more than a few days and look past the current market volatility or corrections.

The only ratings I've seen is rating a buy, that's all I can say, and everyone will have to make their own analysis.



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