Insider Selling: Satellogic (NASDAQ:SATL) CEO Sells 80,951 Shares of Stock

Key Points

• Emiliano Kargieman, CEO of Satellogic Inc. (NASDAQ:SATL), sold a total of 80,951 shares on September 10th for approximately $305,185, reducing his ownership in the company by 2.89%.
• In recent trades, Kargieman sold shares at an average price ranging between $3.75 and $3.77, indicating ongoing selling activity close to these values.
• Satellogic's stock price moved to $3.74 following these transactions, with its 12-month trading range being between $0.93 and $5.49.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) CEO Emiliano Kargieman sold 80,951 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $3.77, for a total transaction of $305,185.27. Following the transaction, the chief executive officer directly owned 2,723,165 shares of the company's stock, valued at $10,266,332.05. This represents a 2.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Emiliano Kargieman also recently made the following trade(s):

• On Tuesday, September 16th, Emiliano Kargieman sold 17,380 shares of Satellogic stock. The shares were sold at an average price of $3.75, for a total transaction of $65,175.00.
• On Monday, September 15th, Emiliano Kargieman sold 209,413 shares of Satellogic stock. The stock was sold at an average price of $3.85, for a total transaction of $806,240.05.
• On Friday, September 12th, Emiliano Kargieman sold 435,956 shares of Satellogic stock. The stock was sold at an average price of $3.94, for a total transaction of $1,717,666.64.
• On Thursday, September 11th, Emiliano Kargieman sold 60,416 shares of Satellogic stock. The stock was sold at an average price of $3.77, for a total transaction of $227,768.32.
• On Tuesday, September 9th, Emiliano Kargieman sold 1,149 shares of Satellogic stock. The stock was sold at an average price of $3.75, for a total transaction of $4,308.75.
• On Wednesday, September 3rd, Emiliano Kargieman sold 76,685 shares of Satellogic stock. The stock was sold at an average price of $3.76, for a total transaction of $288,335.60.
• On Friday, August 29th, Emiliano Kargieman sold 29,770 shares of Satellogic stock. The stock was sold at an average price of $3.75, for a total transaction of $111,637.50.
• On Wednesday, August 27th, Emiliano Kargieman sold 15,191 shares of Satellogic stock. The stock was sold at an average price of $3.75, for a total transaction of $56,966.25.
• On Tuesday, August 26th, Emiliano Kargieman sold 73,089 shares of Satellogic stock. The shares were sold at an average price of $3.75, for a total transaction of $274,083.75.

Satellogic Price Performance

Shares of SATL traded up $0.04 during mid-day trading on Tuesday, hitting $3.77. 1,590,389 shares of the company traded hands, compared to its average volume of 1,549,769. Satellogic Inc. has a one year low of $0.93 and a one year high of $5.49. The business has a 50-day moving average of $3.54 and a 200 day moving average of $3.63.

Satellogic (NASDAQ:SATL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $4.44 million for the quarter.

Institutional Investors Weigh In On Satellogic

Several hedge funds have recently bought and sold shares of SATL. LMR Partners LLP acquired a new stake in shares of Satellogic during the second quarter worth $30,000. Bank of America Corp DE bought a new position in shares of Satellogic in the 2nd quarter valued at about $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Satellogic in the 2nd quarter valued at about $137,000. The Manufacturers Life Insurance Company bought a new stake in shares of Satellogic during the 2nd quarter worth about $87,000. Finally, Invesco Ltd. bought a new stake in shares of Satellogic during the 2nd quarter worth about $146,000. 17.58% of the stock is currently owned by institutional investors and hedge funds.

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.