Insider Selling: Satellogic (NASDAQ:SATL) CEO Sells 85,700 Shares of Stock

Key Points

• Emiliano Kargieman, CEO of Satellogic, sold 85,700 shares at an average price of $4.03, totaling approximately $345,371, resulting in a 4.24% decrease in his ownership.
• Following the recent sales, Satellogic's stock was trading at $3.39 with a 52-week low of $0.93 and a high of $5.49.
• Weiss Ratings issued a "sell (d-)" rating on Satellogic shares, reflecting a bearish sentiment with an average analyst rating of "Sell."

Satellogic Inc. (NASDAQ:SATL - Get Free Report) CEO Emiliano Kargieman sold 85,700 shares of the company's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $4.03, for a total value of $345,371.00. Following the completion of the sale, the chief executive officer owned 1,934,246 shares in the company, valued at $7,795,011.38. The trade was a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, October 10th, Emiliano Kargieman sold 1,836 shares of Satellogic stock. The shares were sold at an average price of $4.03, for a total value of $7,399.08.
• On Thursday, October 9th, Emiliano Kargieman sold 314,767 shares of Satellogic stock. The stock was sold at an average price of $4.09, for a total value of $1,287,397.03.
• On Tuesday, September 23rd, Emiliano Kargieman sold 130 shares of Satellogic stock. The stock was sold at an average price of $4.00, for a total value of $520.00.
• On Tuesday, September 16th, Emiliano Kargieman sold 17,380 shares of Satellogic stock. The stock was sold at an average price of $3.75, for a total value 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 value 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 value 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 value of $227,768.32.
• On Wednesday, September 10th, Emiliano Kargieman sold 80,951 shares of Satellogic stock. The stock was sold at an average price of $3.77, for a total value of $305,185.27.
• 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 value 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 value of $288,335.60.

Satellogic Price Performance

Shares of Satellogic stock traded down $0.64 on Friday, reaching $3.39. 4,666,024 shares of the company's stock were exchanged, compared to its average volume of 1,370,843. Satellogic Inc. has a 52 week low of $0.93 and a 52 week high of $5.49. The firm's 50-day moving average is $3.57 and its two-hundred day moving average is $3.65.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Satellogic in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell".

Hedge Funds Weigh In On Satellogic

Several large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new position in Satellogic during the 2nd quarter valued at $25,000. Legal & General Group Plc bought a new position in Satellogic during the 2nd quarter valued at $27,000. LMR Partners LLP bought a new position in Satellogic during the 2nd quarter valued at $30,000. ProShare Advisors LLC bought a new position in Satellogic during the 2nd quarter valued at $51,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Satellogic during the 2nd quarter worth $58,000. 17.58% of the stock is currently owned by institutional investors.

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.

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