Satellogic (NASDAQ:SATL) Director Liberty 77 Capital L.P. Sells 10,000,000 Shares

Satellogic Inc. (NASDAQ:SATL) Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the sale, the director owned 10,000,000 shares of the company’s stock, valued at approximately $97,700,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Satellogic Price Performance

Satellogic stock opened at $9.85 on Friday. Satellogic Inc. has a 12 month low of $1.25 and a 12 month high of $12.00. The company has a current ratio of 2.44, a quick ratio of 2.41 and a debt-to-equity ratio of 0.93. The business’s 50 day simple moving average is $7.21 and its 200 day simple moving average is $4.30. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -13.13 and a beta of 1.06.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on SATL. Weiss Ratings upgraded Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Zacks Research upgraded Satellogic to a “hold” rating in a research report on Thursday, February 19th. Northland Securities set a $11.00 price objective on Satellogic in a report on Thursday. Wall Street Zen downgraded Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Freedom Capital downgraded Satellogic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Satellogic has an average rating of “Moderate Buy” and an average target price of $9.10.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Halter Ferguson Financial Inc. boosted its stake in Satellogic by 116.0% in the 4th quarter. Halter Ferguson Financial Inc. now owns 839,832 shares of the company’s stock worth $1,570,000 after purchasing an additional 450,957 shares during the period. Thompson Davis & CO. Inc. bought a new position in Satellogic in the 4th quarter worth about $41,000. SG Americas Securities LLC bought a new position in Satellogic in the 4th quarter worth about $46,000. GSA Capital Partners LLP bought a new position in Satellogic in the 3rd quarter worth about $59,000. Finally, Penserra Capital Management LLC boosted its stake in Satellogic by 8.7% in the 3rd quarter. Penserra Capital Management LLC now owns 114,184 shares of the company’s stock worth $374,000 after purchasing an additional 9,111 shares during the period. Institutional investors own 17.58% of the company’s stock.

Satellogic Company Profile

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.