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Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about change on Earth, and the Government of Rwanda today announced the launch of a new national program to provide Planet’s data to governmental
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Planet Labs stock has declined over 50% from its $51.40 all-time high to $25, trading at 27x sales—cheaper than SpaceX (132x) and AST SpaceMobile (43x). While the company shows strong fundamentals with 72% year-over-year backlog growth and projected 35% revenue CAGR through 2029, investors should be cautious due to 36% share dilution since IPO and significant insider selling.
Read original at the-motley-foolPlanet Labs CFO Ashley Johnson sold approximately 110,000 shares worth $2.4 million on July 23, 2026, as part of a pre-established Rule 10b5-1 trading plan. The sale occurred amid a 226% one-year stock surge but followed a recent decline from a 52-week high of $51.76, partly due to the company's planned $1.5 billion equity offering. Despite the insider sale, analysts note this is a non-discretionary transaction and Johnson retained over 1.6 million shares, maintaining significant alignment with shareholder interests.
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