Satellogic (NASDAQ:SATL) Earns “Sell (D-)” Rating from Weiss Ratings

Satellogic (NASDAQ:SATL)‘s stock had its “sell (d-)” rating restated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Satellogic Trading Up 11.3%

NASDAQ:SATL opened at $4.04 on Wednesday. Satellogic has a fifty-two week low of $0.93 and a fifty-two week high of $5.49. The business’s 50-day simple moving average is $3.56 and its 200-day simple moving average is $3.65.

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

Insider Activity at Satellogic

In other Satellogic news, CEO Emiliano Kargieman sold 17,380 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $3.75, for a total value of $65,175.00. Following the sale, the chief executive officer owned 2,000,000 shares in the company, valued at approximately $7,500,000. The trade was a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rick Dunn sold 22,692 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $3.80, for a total value of $86,229.60. Following the completion of the sale, the chief financial officer owned 134,451 shares in the company, valued at $510,913.80. The trade was a 14.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,051,895 shares of company stock worth $4,044,419 in the last 90 days. Company insiders own 63.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. LMR Partners LLP acquired a new position in shares of Satellogic during the 2nd quarter worth approximately $30,000. Bank of America Corp DE acquired a new position in shares of Satellogic during the 2nd quarter worth approximately $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Satellogic during the 2nd quarter worth approximately $137,000. The Manufacturers Life Insurance Company acquired a new position in shares of Satellogic during the 2nd quarter worth approximately $87,000. Finally, Invesco Ltd. acquired a new position in shares of Satellogic during the 2nd quarter worth approximately $146,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

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.