Insider Selling: Satellogic (NASDAQ:SATL) Director Sells $97,700,000.00 in Stock

Satellogic Inc. (NASDAQ:SATL) Director Liberty 77 Capital L.P. sold 10,000,000 shares of Satellogic stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total value of $97,700,000.00. Following the completion of the transaction, the director owned 10,000,000 shares in the company, valued at $97,700,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Satellogic Price Performance

SATL opened at $9.51 on Friday. The business’s 50-day moving average is $7.34 and its two-hundred day moving average is $4.34. Satellogic Inc. has a 1 year low of $1.25 and a 1 year high of $12.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 2.41. The firm has a market capitalization of $1.41 billion, a PE ratio of -12.68 and a beta of 1.06.

Satellogic (NASDAQ:SATL) last posted its earnings results on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) for the quarter. Satellogic had a negative net margin of 443.06% and a negative return on equity of 100.03%. The company had revenue of $6.11 million during the quarter. Research analysts anticipate that Satellogic Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Satellogic

A number of large investors have recently modified their holdings of the business. ProShare Advisors LLC grew its stake in shares of Satellogic by 30.2% during the fourth quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock worth $29,000 after acquiring an additional 3,561 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Satellogic by 14.0% during the fourth quarter. Invesco Ltd. now owns 46,639 shares of the company’s stock worth $87,000 after purchasing an additional 5,723 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Satellogic by 107.5% during the third quarter. BNP Paribas Financial Markets now owns 13,613 shares of the company’s stock worth $45,000 after purchasing an additional 7,052 shares during the period. Legal & General Group Plc acquired a new stake in shares of Satellogic during the second quarter worth about $27,000. Finally, LMR Partners LLP acquired a new stake in shares of Satellogic during the second quarter worth about $30,000. Hedge funds and other institutional investors own 17.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SATL. Wall Street Zen upgraded Satellogic from a “sell” rating to a “hold” rating in a research note on Saturday. Citigroup restated an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Cantor Fitzgerald boosted their price target on Satellogic from $7.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Northland Securities set a $11.00 price target on Satellogic in a research note on Thursday. Finally, Loop Capital set a $4.50 price target on Satellogic in a research note on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.10.

About Satellogic

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.