Insider Selling: Satellogic (NASDAQ:SATL) CEO Sells $305,185.27 in Stock

Satellogic Inc. (NASDAQ:SATLGet Free Report) CEO Emiliano Kargieman sold 80,951 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $3.77, for a total value of $305,185.27. Following the completion of the sale, the chief executive officer owned 2,723,165 shares in the company, valued at $10,266,332.05. The trade was a 2.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Emiliano Kargieman also recently made the following trade(s):

  • On Thursday, September 11th, Emiliano Kargieman sold 60,416 shares of Satellogic stock. The stock was sold at an average price of $3.77, for a total value of $227,768.32.
  • On Tuesday, September 9th, Emiliano Kargieman sold 1,149 shares of Satellogic stock. The stock was sold at an average price of $3.75, for a total value of $4,308.75.
  • On Wednesday, September 3rd, Emiliano Kargieman sold 76,685 shares of Satellogic stock. The stock was sold at an average price of $3.76, for a total value of $288,335.60.
  • On Friday, August 29th, Emiliano Kargieman sold 29,770 shares of Satellogic stock. The stock was sold at an average price of $3.75, for a total value of $111,637.50.
  • On Wednesday, August 27th, Emiliano Kargieman sold 15,191 shares of Satellogic stock. The stock was sold at an average price of $3.75, for a total value of $56,966.25.
  • On Tuesday, August 26th, Emiliano Kargieman sold 73,089 shares of Satellogic stock. The stock was sold at an average price of $3.75, for a total value of $274,083.75.

Satellogic Trading Up 2.4%

Shares of SATL stock opened at $3.83 on Friday. The business’s 50 day moving average is $3.52 and its two-hundred day moving average is $3.62. Satellogic Inc. has a 12-month low of $0.93 and a 12-month high of $5.49.

Satellogic (NASDAQ:SATLGet Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $4.44 million during the quarter.

Hedge Funds Weigh In On Satellogic

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in Satellogic by 1,671.4% during the second quarter. Geode Capital Management LLC now owns 874,487 shares of the company’s stock worth $3,166,000 after purchasing an additional 825,121 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Satellogic during the second quarter worth approximately $380,000. Rhumbline Advisers purchased a new position in Satellogic during the second quarter worth approximately $351,000. Invesco Ltd. acquired a new position in shares of Satellogic during the second quarter valued at approximately $146,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Satellogic during the second quarter valued at approximately $137,000. Hedge funds and other institutional investors own 17.58% of the company’s stock.

Satellogic Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Satellogic (NASDAQ:SATL)

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