Key Points
- Major shareholder Fitzgerald Cantor sold 129,971 shares of Satellogic at an average price of $5.56 for a total of $722,638.76, reducing his stake by about 0.97% to 13,250,902 shares, according to an SEC filing.
- SATL stock opened at $3.68 and is reported as down 20.0%, with a market cap of roughly $498.5 million and a 12‑month trading range of $1.25 to $5.93 (50-day/200-day moving averages: $2.69/$2.92).
- Coverage and ownership are mixed: one analyst initiated a Buy (one Sell), leaving an average rating of Hold with a $5.00 price target, while institutional investors like Vanguard have materially increased positions (Vanguard up 44.4% to 3.26M shares).
Satellogic Inc. (NASDAQ:SATL - Get Free Report) major shareholder Fitzgerald Cantor sold 129,971 shares of the business's stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $5.56, for a total value of $722,638.76. Following the sale, the insider directly owned 13,250,902 shares of the company's stock, valued at $73,675,015.12. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Satellogic Stock Down 20.0%
SATL stock opened at $3.68 on Tuesday. The firm has a market capitalization of $498.53 million, a PE ratio of -15.33 and a beta of 1.38. Satellogic Inc. has a twelve month low of $1.25 and a twelve month high of $5.93. The stock's 50 day moving average is $2.69 and its 200-day moving average is $2.92.
Satellogic (NASDAQ:SATL - Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $3.63 million during the quarter.
Hedge Funds Weigh In On Satellogic
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Satellogic by 44.4% during the third quarter. Vanguard Group Inc. now owns 3,262,216 shares of the company's stock worth $10,700,000 after buying an additional 1,002,400 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Satellogic by 1,671.4% during the 2nd quarter. Geode Capital Management LLC now owns 874,487 shares of the company's stock valued at $3,166,000 after acquiring an additional 825,121 shares during the period. Halter Ferguson Financial Inc. purchased a new stake in shares of Satellogic during the 3rd quarter worth approximately $1,276,000. Penserra Capital Management LLC purchased a new stake in shares of Satellogic during the 2nd quarter worth approximately $380,000. Finally, Rhumbline Advisers bought a new stake in shares of Satellogic in the 2nd quarter worth approximately $351,000. Institutional investors own 17.58% of the company's stock.
Analyst Ratings Changes
SATL has been the topic of a number of recent analyst reports. Craig Hallum started coverage on shares of Satellogic in a research report on Wednesday, January 21st. They set a "buy" rating and a $5.00 price target on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Satellogic in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $5.00.
Check Out Our Latest Research Report on SATL
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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