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Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced a new contract with Global Fishing Watch, an international nonprofit dedicated to advancing ocean governance through increased transparency of human activity at sea. The 6-figure deal is an expansion of the organization's ongoing agreement with Planet, and will allow Global Fishing Watch to fully leverage PlanetScope data and Machine Learning (ML) to improve ocean stewardship and foster greater compliance and accountability across all maritime sectors. The new contract represents a significant expansion of Global Fishing Watch's PlanetScope monitoring coverage, providing 3-meter optical i

Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal third quarter 2025 financial results for the quarter that ended October 31, 2024, after market close on Monday, December 9, 2024. Planet's management will host a conference call to discuss the financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT the same day. Planet invites you to listen to the conference call, which will be webcast live at Planet's Investor Relations website (investors.planet.com). The webcast will be archived on this website and available for replay approximately two hours after the completion of the event. If you wou

Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, announced that it has signed an expansion with their partner Abelio, a French technology company offering smart farming solutions. Abelio leverages the Planet Insights Platform and the company's PlanetScope satellite data to enhance their digital agriculture solutions. Through this expansion, Abelio will have access to agricultural data across France – nearly three times the amount of Planet data that it previously integrated into its solutions in 2023. Abelio's solutions apply its powerful algorithms and AI models on top of Planet satellite data to generate time-sensitive insights for precision farming.

Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today released Analysis-Ready PlanetScope (ARPS). ARPS harnesses a cutting-edge proprietary algorithm to create harmonized and spatially consistent near-daily stacks of images that enable time-series analysis and machine learning applications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021503372/en/ ARPS normalizes data from PlanetScope's daily 3m imagery by reducing inconsistencies between captures. It then harmonizes that data with temporally and spatially consistent third-party sources (like Landsat, Sentinel-2, MODIS, and VIIRS) to pr

Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, announced that they have signed a contract with American Crystal Sugar Company, through Planet partner SatAgro, a precision agriculture company. Leveraging Planet satellite data, American Crystal Sugar is informing their advanced sugar beet monitoring work in the northern United States. As the largest beet sugar producer in the U.S., American Crystal Sugar's grower-owned cooperative provides about 15 percent of America's finest quality sugar. With this collaboration, American Crystal Sugar has taken innovative strides to research and invest in some of the latest global capabilities offered for precision f

Planet Labs PBC (NYSE:PL), a leading provider of daily Earth data and insights, today launched Project Centinela, a new program aiming to equip the world's leading biodiversity scientists and conservation advocates with an unprecedented array of high-resolution, high-frequency satellite imagery, analytics, and Planetary Variables. As part of Planet's mission, over the next three years the program will help support teams working at the forefront of the biodiversity crisis to monitor and safeguard up to 50 of the world's vulnerable biodiversity hotspots. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241001998597/en/These eight vul

Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced a 12-month contract renewal with the Federal Police of Brazil for its global daily monitoring over threatened rainforests. The contract has a seven-figure value and was formalized through Planet's partner SCCON Geospatial (SCCON). With the aid of daily satellite imagery, public agents have reported collecting nearly $3 billion from fines, seized goods, and frozen assets related to illegal logging and mining. This represents a 7,500% return on investment for the Ministry of Justice and Public Safety's strategic initiative. Through the country's Brasil MAIS Program, the renewed contract will

Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today released first light images from its Tanager-1 satellite. The first set of imagery is of Karachi, Pakistan, and was taken on September 19th, 2024, from an altitude of 522 km. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923828731/en/Tanager first light images of Karachi, Pakistan taken on September 19th, 2024. Each of these images is composed of 3 of the over 420 bands that Tanager collects with each capture. (Graphic: Business Wire) In the following months, partners (like Carbon Mapper) and customers are expected to use the data to m

Planet Labs PBC (NYSE:PL), a leading provider of daily Earth data and insights, today released its Forest Carbon Monitoring product, consisting of quarterly, 3-meter resolution measurements of forests globally. This new product offers partners and customers an unprecedented dataset to support voluntary carbon markets, regulatory compliance, and deforestation mitigation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924630576/en/Planet forest carbon data showing the region of Putamayo in the Amazon rainforest. This visualization was created from their Forest Carbon Monitoring product. (Photo: Business Wire) "The climate crisis

Planet Labs Germany GmbH, a leading provider of daily data and insights about Earth, today announced that they have signed a three year contract with the German Space Agency at German Aerospace Center (DLR). Through this multi-year contract, Planet (NYSE:PL) will provide a series of Earth observation data products and services to the German Space Agency at DLR and to German researchers to help them further advance research and development. Focused on delivering missions and projects with scientific excellence, the German Space Agency will leverage Planet satellite data for key research initiatives, oriented around significant national and global challenges. This contract with Planet provid

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Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, announced Susan Wojcicki has been appointed to Planet's Board of Directors. With over two decades of leadership experience in the technology industry helping to scale disruptive companies, Planet believes Ms. Wojcicki is uniquely positioned to support the Company's continued growth and scalability across markets as an independent director. Susan was voted in at Planet's Annual General Meeting on July 11. This is the company's second board addition since going public in December 2021, following Kristen Robinson's appointment in November 2022. "Susan has an incredibly impressive career scaling technology

Team includes C-level executives from industries including finance, real estate, food, and philanthropy LOS ANGELES, March 14, 2024 /PRNewswire/ -- Today, the Goldhirsh Foundation announced its new all-female investment committee—believed to be the first such investment committee at an organization of its size and scope. The committee members are: Shana Barghouti, Natasha Case, Celestine Schnugg, and Ruth Wernig. This new, all-female, investment committee is believed to be the first such at an organization of this size and scope.The quartet of executives have experience at org

Laura Malinasky's background in leading international companies' legal functions through periods of expansion will enhance Scribd's global operations SAN FRANCISCO, April 21, 2022 /PRNewswire/ -- Scribd, the reading subscription service that offers access to millions of ebooks, audiobooks, magazines, podcasts, and more, today announced the appointment of Laura Malinasky to its newly created role of Chief Legal Officer and General Counsel. Malinasky was selected due to her strong background in leading the legal functions of technology companies that have undergone incredible growth, unlocked capital, and transitioned into the public space.  

Needham reiterated coverage of Planet Labs with a rating of Buy and set a new price target of $5.00 from $7.00 previously

Craig Hallum downgraded Planet Labs from Buy to Hold

JMP Securities initiated coverage of Planet Labs with a rating of Mkt Outperform and set a new price target of $5.50

Citigroup initiated coverage of Planet Labs with a rating of Buy and set a new price target of $6.00

Morgan Stanley initiated coverage of Planet Labs with a rating of Equal-Weight and set a new price target of $6.00

Deutsche Bank initiated coverage of Planet Labs with a rating of Buy and set a new price target of $7.00

Needham reiterated coverage of Planet Labs with a rating of Buy and set a new price target of $8.00 from $10.50 previously

Needham initiated coverage of Planet Labs with a rating of Buy and set a new price target of $10.50

Goldman Sachs initiated coverage of Planet Labs with a rating of Buy and set a new price target of $11.00

Wedbush initiated coverage of Planet Labs with a rating of Outperform and set a new price target of $10.00

Largest Direct University Engagement To Leverage PlanetScope, SkySat, And Planetary Variable Analytics

Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, announced Susan Wojcicki has been appointed to Planet's Board of Directors. With over two decades of leadership experience in the technology industry helping to scale disruptive companies, Planet believes Ms. Wojcicki is uniquely positioned to support the Company's continued growth and scalability across markets as an independent director.Susan was voted in at Planet's Annual General Meeting on July 11. This is the company's second board addition since going public in December 2021, following Kristen Robinson's appointment in November 2022.

Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it has signed a seven-figure pilot contract with an international ministry of defense customer for PlanetScope data enhanced with the AI-based Theia solution from its partner SynMax. Together, Planet and SynMax, a Houston-based satellite analytics and intelligence company, are providing the customer with a cutting-edge maritime domain awareness ("MDA") solution for vessel detection and monitoring. Additionally, the customer also expanded their SkySat contact with Planet for high resolution satellite data.

JMP Securities analyst Trevor Walsh reiterates Planet Labs (NYSE:PL) with a Market Outperform and maintains $4 price target.

In the last three months, 10 analysts have published ratings on Planet Labs (NYSE:PL), offering a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 8 1 1 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 1 0 0 2M Ago 1 0 0 0 0 3M Ago 4 1 0 0 0 Analysts have recently evaluated Planet Labs and provided 12-month price targets. The average target is $5.31, accompanied by a high estimate of $7.00 and a low estimate of $2.00. A decline of 5.85% from t

Needham analyst Ryan Koontz reiterates Planet Labs (NYSE:PL) with a Buy and maintains $7 price target.

On Wednesday, Planet Labs (NYSE:PL) announced a reduction in workforce affecting approximately 17% of its employees. In an exchange filing, the company announced it would reduce its global workforce by about 180, constituting approximately 17% of its workforce before the cuts. This decision aligns with the company’s strategy to realign resources with market opportunities, enhance operational efficiency, and foster long-term growth and profitability. Due to the workforce reduction, the company expects to incur non-recurring charges totaling approximately $9.5 million to $10.5 million before taxes. These charges include severance and other termination benefits. The company anticipa

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