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Arrowstreet Capital Limited Partnership Makes New Investment in Planet Labs PBC (NYSE: PL)

Apr 13, 2025•about 1 year ago

Contract Type

partnership

San FranciscoSoftwareAnalyticsGeospatialinformation technology & services

Description

Arrowstreet Capital Limited Partnership acquired 196,381 shares of Planet Labs PBC in the 4th quarter, increasing their ownership to about 0.07% of the company. Several other institutional investors also acquired stakes in the company during the same period, with the total institutional investors and hedge funds owning 41.71% of the company’s stock.

Company Information

Company

Planet Labs

Location

San Francisco, California, United States

About

Planet Labs operates the biggest constellation of Earth-imaging satellites, offering imagery to help clients track geospatial changes. The company generates significant revenue from government contracts, including with the US government. It is focused on AI-enabled global monitoring services and has recently expanded its satellite capabilities. Planet Labs is publicly traded on the New York Stock Exchange as PL.

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