Satellogic Inc. (NASDAQ:SATL) CFO Rick Dunn Sells 58,311 Shares

Satellogic Inc. (NASDAQ:SATL) CFO Rick Dunn sold 58,311 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $4.13, for a total transaction of $240,824.43. Following the sale, the chief financial officer now directly owns 135,538 shares of the company’s stock, valued at $559,771.94. This represents a 30.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Rick Dunn also recently made the following trade(s):

• On Friday, May 16th, Rick Dunn sold 72,712 shares of Satellogic stock. The shares were sold at an average price of $4.63, for a total value of $336,656.56.

Satellogic Price Performance

Shares of NASDAQ:SATL traded up $0.10 during midday trading on Tuesday, hitting $4.04. 2,107,960 shares of the stock were exchanged, compared to its average volume of 559,564. Satellogic Inc. has a 52-week low of $0.72 and a 52-week high of $5.49. The business’s fifty day simple moving average is $3.87 and its two-hundred day simple moving average is $3.19.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $3.39 million during the quarter.

Institutional Investors Weigh In On Satellogic

A number of institutional investors have recently added to or reduced their stakes in SATL. Virtu Financial LLC acquired a new position in shares of Satellogic in the 4th quarter worth approximately $68,000. Jane Street Group LLC bought a new stake in Satellogic during the 4th quarter worth about $96,000. Insigneo Advisory Services LLC bought a new position in Satellogic in the fourth quarter valued at approximately $197,000. Finally, Liberty 77 Capital L.P. bought a new position in shares of Satellogic in the 4th quarter worth $57,000,000. 17.58% of the stock is owned by institutional investors and hedge funds.

Satellogic Company Profile

Satellogic Inc operates as an integrated geospatial company in the Asia Pacific, North America, and internationally. It engages in tasking satellites with monitoring assets and keeping up with their changing reality for government and commercial customers; control satellites on top of specific areas of interest for governments; and sale and support satellites.