Matthew Tirman Sells 22,860 Shares of Satellogic Inc. (NASDAQ:SATL) Stock

Satellogic Inc. (NASDAQ:SATL) President Matthew Tirman sold 22,860 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $4.16, for a total transaction of $95,097.60. Following the completion of the sale, the president now owns 101,241 shares of the company’s stock, valued at $421,162.56. The trade was a 18.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Satellogic Price Performance

Shares of SATL traded up $0.10 during mid-day trading on Tuesday, hitting $4.04. 2,107,960 shares of the company traded hands, compared to its average volume of 559,564. The business has a 50-day moving average of $3.87 and a 200 day moving average of $3.19. Satellogic Inc. has a one year low of $0.72 and a one year high of $5.49.

Satellogic (NASDAQ:SATL) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.16) EPS for the quarter. The business had revenue of $3.39 million during the quarter.

Hedge Funds Weigh In On Satellogic

Several large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Satellogic during the 4th quarter worth about $68,000. Liberty 77 Capital L.P. bought a new position in shares of Satellogic in the 4th quarter valued at about $57,000,000. Insigneo Advisory Services LLC acquired a new stake in shares of Satellogic during the 4th quarter worth approximately $197,000. Finally, Jane Street Group LLC bought a new stake in shares of Satellogic during the fourth quarter worth approximately $96,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

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.