Satellogic (NASDAQ:SATL) Raised to Strong-Buy at Freedom Capital

Satellogic (NASDAQ:SATL) was upgraded by equities research analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on SATL. Citigroup reiterated an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Weiss Ratings upgraded Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Wall Street Zen cut Satellogic from a “hold” rating to a “sell” rating in a report on Saturday. Northland Securities set a $11.00 price objective on Satellogic in a research report on Thursday, May 28th. Finally, Loop Capital set a $4.50 price objective on Satellogic in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.10.

Satellogic Price Performance

NASDAQ:SATL opened at $5.72 on Monday. The stock has a market cap of $847.93 million, a P/E ratio of -7.63 and a beta of 1.19. Satellogic has a one year low of $1.25 and a one year high of $12.00. The company has a fifty day moving average price of $7.44 and a 200 day moving average price of $5.11. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 2.41.

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

Insider Transactions at Satellogic

In related news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the 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 of the company’s stock, valued at $97,700,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alan Kharsansky sold 87,091 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $8.35, for a total transaction of $727,209.85. Following the transaction, the chief technology officer owned 47,785 shares of the company’s stock, valued at approximately $399,004.75. This represents a 64.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 38.84% of the company’s stock.

Hedge Funds Weigh In On Satellogic

Several hedge funds and other institutional investors have recently modified their holdings of SATL. Cantor Fitzgerald L. P. boosted its stake in shares of Satellogic by 16.2% in the 4th quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company’s stock valued at $25,022,000 after purchasing an additional 1,863,696 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Satellogic during the 4th quarter worth about $16,830,000. Vanguard Group Inc. increased its position in shares of Satellogic by 44.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,262,216 shares of the company’s stock worth $10,700,000 after purchasing an additional 1,002,400 shares in the last quarter. Weiss Asset Management LP bought a new position in Satellogic during the 4th quarter valued at about $4,053,000. Finally, Geode Capital Management LLC lifted its holdings in Satellogic by 34.5% during the 4th quarter. Geode Capital Management LLC now owns 1,807,737 shares of the company’s stock valued at $3,381,000 after purchasing an additional 463,811 shares during the last quarter. Institutional investors own 17.58% of the company’s stock.

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.