Satellogic (NASDAQ:SATL) Releases Earnings Results

Satellogic (NASDAQ:SATL) issued its quarterly earnings data on Monday. The company reported ($0.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.79), FiscalAI reports. The firm had revenue of $6.11 million during the quarter, compared to analyst estimates of $5.27 million. Satellogic had a negative return on equity of 104.73% and a negative net margin of 443.06%.

Satellogic Stock Up 6.8%

Shares of SATL stock traded up $0.51 during trading hours on Wednesday, reaching $8.06. 3,314,201 shares of the stock were exchanged, compared to its average volume of 10,536,063. The business’s fifty day moving average is $5.62 and its two-hundred day moving average is $3.64. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.12 and a quick ratio of 5.02. Satellogic has a 12-month low of $1.25 and a 12-month high of $8.90. The firm has a market capitalization of $1.15 billion, a P/E ratio of -10.71 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Roth Mkm assumed coverage on shares of Satellogic in a research report on Friday. They set a “buy” rating and a $10.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a report on Thursday, January 22nd. Craig Hallum began coverage on shares of Satellogic in a research note on Wednesday, January 21st. They issued a “buy” rating and a $5.00 price target for the company. Zacks Research raised shares of Satellogic to a “hold” rating in a research note on Thursday, February 19th. Finally, Wall Street Zen cut shares of Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday. 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. According to data from MarketBeat.com, Satellogic presently has an average rating of “Moderate Buy” and a consensus target price of $7.70.

Insider Buying and Selling at Satellogic

In other news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $5.01, for a total value of $2,505,000.00. Following the sale, the insider directly owned 12,356,500 shares in the company, valued at approximately $61,906,065. This trade represents a 3.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 51.62% of the company’s stock.

Institutional Investors Weigh In On Satellogic

A number of hedge funds and other institutional investors have recently modified their holdings of SATL. Alyeska Investment Group L.P. acquired a new stake in shares of Satellogic in the 4th quarter valued at $16,830,000. Weiss Asset Management LP acquired a new stake in shares of Satellogic in the 4th quarter valued at $4,053,000. Cantor Fitzgerald L. P. raised its holdings in shares of Satellogic by 16.2% in the 4th quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company’s stock valued at $25,022,000 after purchasing an additional 1,863,696 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Satellogic in the 4th quarter valued at $2,172,000. Finally, Vanguard Group Inc. raised its holdings in shares of Satellogic by 44.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,262,216 shares of the company’s stock valued at $10,700,000 after purchasing an additional 1,002,400 shares in the last quarter. 17.58% of the stock is currently owned by institutional investors and hedge funds.

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.