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 business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $3.77, for a total transaction of $305,185.27. Following the sale, the chief executive officer directly owned 2,723,165 shares in the company, valued at $10,266,332.05. This trade represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 value of $227,768.32.
• On Tuesday, September 9th, Emiliano Kargieman sold 1,149 shares of Satellogic stock. The shares were sold at an average price of $3.75, for a total value of $4,308.75.
• On Wednesday, September 3rd, Emiliano Kargieman sold 76,685 shares of Satellogic stock. The shares were sold at an average price of $3.76, for a total value 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 value 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 stock was sold at an average price of $3.75, for a total transaction of $274,083.75.

Satellogic Stock Performance

Shares of NASDAQ SATL traded up $0.20 during trading on Thursday, reaching $3.74. 1,098,046 shares of the company traded hands, compared to its average volume of 1,192,462. The firm's fifty day simple moving average is $3.52 and its 200 day simple moving average is $3.61. Satellogic Inc. has a 12-month low of $0.93 and a 12-month high of $5.49.

Satellogic (NASDAQ:SATL - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $4.44 million during the quarter.

Hedge Funds Weigh In On Satellogic

Several institutional investors have recently made changes to their positions in SATL. Jane Street Group LLC acquired a new position in shares of Satellogic in the 4th quarter valued at $96,000. JPMorgan Chase & Co. acquired a new position in shares of Satellogic in the second quarter worth about $118,000. New York State Common Retirement Fund purchased a new stake in shares of Satellogic during the 2nd quarter worth about $97,000. Bank of America Corp DE acquired a new stake in shares of Satellogic during the 2nd quarter valued at about $88,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Satellogic in the 2nd quarter valued at about $87,000. 17.58% of the stock is owned by hedge funds and other institutional investors.

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.

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