Tema ETFs LLC Invests $8.64 Million in Satellogic Inc. $SATL

Tema ETFs LLC bought a new stake in shares of Satellogic Inc. (NASDAQ:SATL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,510,426 shares of the company’s stock, valued at approximately $8,640,000. Tema ETFs LLC owned about 1.02% of Satellogic as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Satellogic during the second quarter valued at approximately $402,000. Bank of America Corp DE raised its holdings in shares of Satellogic by 29.8% in the first quarter. Bank of America Corp DE now owns 72,832 shares of the company’s stock worth $396,000 after buying an additional 16,707 shares during the period. MSA Advisors LLC bought a new stake in shares of Satellogic during the 1st quarter worth approximately $143,000. Royal Bank of Canada lifted its stake in shares of Satellogic by 4,052.9% during the 1st quarter. Royal Bank of Canada now owns 417,033 shares of the company’s stock worth $2,269,000 after acquiring an additional 406,991 shares during the last quarter. Finally, Themes Management Co LLC purchased a new position in Satellogic during the 1st quarter valued at $121,000. Hedge funds and other institutional investors own 17.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SATL. Citigroup reiterated an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a research note on Friday. Zacks Research cut shares of Satellogic from a “strong-buy” rating to a “hold” rating in a report on Monday. Northland Securities set a $11.00 price target on shares of Satellogic in a research note on Thursday, May 28th. Finally, Cantor Fitzgerald reduced their price target on shares of Satellogic from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Satellogic currently has an average rating of “Moderate Buy” and an average price target of $8.90.

Satellogic Trading Up 7.9%

NASDAQ:SATL opened at $5.75 on Wednesday. The firm has a 50-day simple moving average of $5.12 and a 200-day simple moving average of $5.51. Satellogic Inc. has a one year low of $1.25 and a one year high of $12.00. The firm has a market cap of $852.38 million, a P/E ratio of -7.01 and a beta of 1.31. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.31 and a current ratio of 2.34.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The business had revenue of $15.92 million for the quarter, compared to analysts’ expectations of $9.57 million. Satellogic had a negative net margin of 325.65% and a positive return on equity of 303.84%. Equities analysts anticipate that Satellogic Inc. will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling at Satellogic

In other Satellogic news, CTO Alan Kharsansky sold 87,091 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $8.35, for a total transaction of $727,209.85. Following the sale, the chief technology officer owned 47,785 shares of the company’s stock, valued at approximately $399,004.75. This trade represents a 64.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of Satellogic stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total value of $97,700,000.00. Following the completion of the transaction, the director owned 10,000,000 shares in the company, valued at $97,700,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 38.84% of the stock is currently owned by company insiders.

About Satellogic

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.