Key Points
- Fitzgerald Cantor sold 388,827 shares on January 29 at an average price of $5.63 for about $2.19M, cutting his direct stake to 12,862,075 shares (a 2.93% reduction).
- Satellogic (SATL) opened at $4.60 with a 1‑year range of $1.25–$5.93 and a market cap of roughly $623M (PE -19.17); analysts are mixed, with a consensus "Hold" and a $5.00 average price target (one Buy, one Sell).
Satellogic Inc. (NASDAQ:SATL - Get Free Report) major shareholder Fitzgerald Cantor sold 5,575 shares of the company's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $5.55, for a total transaction of $30,941.25. Following the sale, the insider owned 12,856,500 shares of the company's stock, valued at approximately $71,353,575. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Satellogic Price Performance
SATL opened at $4.60 on Friday. The firm has a market cap of $623.16 million, a price-to-earnings ratio of -19.17 and a beta of 1.36. Satellogic Inc. has a 1 year low of $1.25 and a 1 year high of $5.93. The stock's 50 day simple moving average is $2.64 and its 200 day simple moving average is $2.93.
Satellogic (NASDAQ:SATL - Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $3.63 million for the quarter.
Institutional Trading of Satellogic
Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in shares of Satellogic in the second quarter valued at about $25,000. Farther Finance Advisors LLC purchased a new position in shares of Satellogic in the third quarter valued at $26,000. Legal & General Group Plc purchased a new position in shares of Satellogic in the 2nd quarter worth $27,000. LMR Partners LLP bought a new stake in Satellogic during the second quarter worth approximately $30,000. Finally, Squarepoint Ops LLC purchased a new stake in Satellogic during the 3rd quarter valued at $33,000. 17.58% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on SATL shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Satellogic in a research note on Thursday, January 22nd. Craig Hallum assumed coverage on Satellogic in a report on Wednesday, January 21st. They issued a "buy" rating and a $5.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $5.00.
View Our Latest Research Report on Satellogic
About Satellogic
(
Get Free Report)
Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company's satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic's vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.
Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth's surface.
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