Robust Demand Sends Planet Labs PBC (PL) Higher
Conestoga Capital Advisors, an asset management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter began with a historically poor start but gained momentum later as tariff fears subsided and market volatility dropped precipitously. Conestoga Micro Cap Composite appreciated 15.65% net-of-fees in the second quarter but underperformed the Russell Microcap Growth Index’s 20.92% return. In a highly volatile market led by high-beta and lower-quality stocks, the firm does not expect the fund to align with index performance. Please review the fund's top 5 holdings to gain insight into their key selections for 2025.
In its second quarter 2025 investor letter, Conestoga Capital Advisors highlighted stocks such as Planet Labs PBC (NYSE:PL). Planet Labs PBC (NYSE:PL) engages in the design, construction, and launch of constellations of satellites that provide high cadence geospatial data. The one-month return of Planet Labs PBC (NYSE:PL) was 9.02%, and its shares gained 172.54% of their value over the last 52 weeks. On July 25, 2025, Planet Labs PBC (NYSE:PL) stock closed at $6.65 per share, with a market capitalization of $2.018 billion.
Conestoga Capital Advisors stated the following regarding Planet Labs PBC (NYSE:PL) in its second quarter 2025 investor letter:
"Planet Labs PBC (NYSE:PL) is a market leader in Earth observation data with daily satellite scans of the entire Earth that are supported by over 200 satellites. PL has been a leader in two of the past three quarters as demand has been robust in both its defense and civil end markets, driven by geopolitical uncertainty (Ukraine, Israel). PL's commercial segment has been the laggard, but it has recently stabilized and should resume growth. PL also reported stronger than expected free cash flow for its fiscal 1Q."
A satellite in orbit against a blue sky, displaying the power of the company's space-based systems.
Planet Labs PBC (NYSE:PL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 23 hedge fund portfolios held Planet Labs PBC (NYSE:PL) at the end of the first quarter compared to 19 in the previous quarter. In the first quarter of fiscal 2026, Planet Labs PBC (NYSE:PL) reported $66.3 million in revenue, representing approximately 10% year-over-year growth. While we acknowledge the potential of Planet Labs PBC (NYSE:PL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.
Content Original Link:
" target="_blank">
