Key Points
- Satellogic CTO Alan Kharsansky sold 87,091 shares on May 14 at an average price of $8.35, totaling about $727,210. After the sale, he retained 47,785 shares, cutting his ownership by 64.57%.
- Satellogic stock rose 0.6% and was trading at $9.72, near its 52-week high of $10.19. The company has a market cap of $1.39 billion and remains unprofitable, with a recent quarterly loss of $0.84 per share.
- Analysts remain mixed but cautious overall, with a consensus rating of “Moderate Buy” and an average price target of $7.70. Recent actions included a downgrade from Wall Street Zen to “sell,” while others maintained or initiated bullish ratings.
Satellogic Inc. (NASDAQ:SATL - Get Free Report) CTO Alan Kharsansky sold 87,091 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $8.35, for a total value of $727,209.85. Following the completion of the transaction, the chief technology officer directly owned 47,785 shares of the company's stock, valued at approximately $399,004.75. This represents a 64.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Satellogic Stock Up 0.6%
NASDAQ SATL opened at $9.72 on Thursday. The business has a fifty day moving average price of $6.35 and a 200 day moving average price of $3.95. Satellogic Inc. has a one year low of $1.25 and a one year high of $10.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.41 and a current ratio of 2.44. The company has a market cap of $1.39 billion, a P/E ratio of -12.96 and a beta of 1.06.
Satellogic (NASDAQ:SATL - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) EPS for the quarter. Satellogic had a negative net margin of 443.06% and a negative return on equity of 100.03%. The firm had revenue of $6.11 million during the quarter. Research analysts anticipate that Satellogic Inc. will post -0.11 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on SATL. Loop Capital set a $4.50 target price on Satellogic in a research note on Wednesday, March 11th. Wall Street Zen cut Satellogic from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Northland Securities set a $9.00 target price on Satellogic in a report on Wednesday, May 13th. Citigroup restated an "outperform" rating on shares of Satellogic in a report on Wednesday, May 13th. Finally, Roth Mkm began coverage on Satellogic in a report on Friday, May 8th. They set a "buy" rating and a $10.00 target price for the company. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.70.
Check Out Our Latest Research Report on SATL
Institutional Investors Weigh In On Satellogic
Several hedge funds and other institutional investors have recently made changes to their positions in SATL. Geode Capital Management LLC raised 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 worth $3,166,000 after acquiring an additional 825,121 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Satellogic during the second quarter worth approximately $118,000. Legal & General Group Plc acquired a new position in Satellogic during the second quarter worth approximately $27,000. Rhumbline Advisers acquired a new position in Satellogic during the second quarter worth approximately $351,000. Finally, New York State Common Retirement Fund acquired a new position in Satellogic during the second quarter worth approximately $97,000. Institutional investors and hedge funds own 17.58% of the company's stock.
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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