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Planet Labs PBC (NYSE:PL) CEO William Spencer Marshall sold 200,000 shares of Class A Common Stock on October 13, 2025, according to a recent SEC filing. The sales were executed in multiple trades at prices ranging from $15.16 to $15.93, resulting in a total transaction value of $3.1 million. The sale comes amid a remarkable 557% surge in the stock price over the past year, with particularly strong momentum showing a 351% gain in the last six months alone.
Following the transaction, Marshall directly owns 3,156,387 shares of Planet Labs PBC . According to InvestingPro analysis, the company maintains a "GOOD" overall Financial Health score, with strong liquidity indicators showing current assets exceeding short-term obligations. InvestingPro subscribers have access to 15 additional key insights about Planet Labs, including detailed valuation metrics and growth forecasts.
In other recent news, Planet Labs PBC has secured a $7.5 million contract renewal with the US Navy for vessel detection and monitoring services in the Pacific region. This contract will involve integrating Planet’s PlanetScope and high-resolution SkySat data into the Department of Transportation’s SeaVision platform. Additionally, Planet Labs and the European research organization VITO have extended their partnership to enhance Earth observation capabilities, focusing on agriculture, global monitoring, and environmental resilience. Analyst Daniel Ives from Wedbush raised his price target for Planet Labs to a street-high $17, citing increased demand for data satellite solutions and the company’s business momentum in the government sector.
Furthermore, Planet Labs has made the data products from its Tanager-1 hyperspectral satellite commercially available, marking a year since the satellite’s first images. Customers can now purchase Tanager core imagery products, including radiance and surface reflectance data, alongside a new Methane Quicklook product developed with Carbon Mapper. JMP Securities has reiterated its Market Outperform rating and $11.00 price target for Planet Labs following recent investor meetings. These developments indicate a series of strategic moves by Planet Labs to expand its capabilities and market presence.
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