Matthew Tirman Sells 29,073 Shares of Satellogic (NASDAQ:SATL) Stock

Satellogic Inc. (NASDAQ:SATL) President Matthew Tirman sold 29,073 shares of Satellogic stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $3.45, for a total value of $100,301.85. Following the completion of the sale, the president owned 99,162 shares in the company, valued at approximately $342,108.90. This trade represents a 22.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Satellogic Stock Performance

Satellogic stock opened at $3.51 on Monday. Satellogic Inc. has a 1-year low of $0.93 and a 1-year high of $5.49. The stock’s 50 day moving average price is $3.49 and its 200 day moving average price is $3.65.

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

Institutional Trading of Satellogic

A number of institutional investors have recently bought and sold shares of the company. 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 stake in Satellogic during the second quarter worth $380,000. Rhumbline Advisers purchased a new stake in Satellogic during the second quarter worth $351,000. Invesco Ltd. purchased a new stake in Satellogic during the second quarter worth $146,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Satellogic during the second quarter worth $137,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

About Satellogic

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.