Insider Selling: Satellogic (NASDAQ:SATL) CFO Sells 22,692 Shares of Stock

Key Points

• Rick Dunn, CFO of Satellogic, sold 22,692 shares at an average price of $3.80, resulting in a total value of approximately $86,229.60, which decreased his position by 14.44%.
• Satellogic's stock traded flat at $3.36, with a recent 12-month low of $0.93 and a high of $5.49.
• Institutional investors increased their stakes in Satellogic, with Geode Capital Management boosting its holdings by 1,671.4% after acquiring over 825,000 shares.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) CFO Rick Dunn sold 22,692 shares of the firm's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $3.80, for a total value of $86,229.60. Following the transaction, the chief financial officer owned 134,451 shares in the company, valued at approximately $510,913.80. This trade represents a 14.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Satellogic Stock Performance

SATL remained flat at $3.36 during midday trading on Friday. The company's stock had a trading volume of 1,549,666 shares, compared to its average volume of 1,301,311. Satellogic Inc. has a 12-month low of $0.93 and a 12-month high of $5.49. The company's 50 day simple moving average is $3.56 and its 200-day simple moving average is $3.66.

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 business had revenue of $4.44 million during the quarter.

Hedge Funds Weigh In On Satellogic

Several institutional investors have recently modified their holdings of SATL. Jane Street Group LLC bought a new position in shares of Satellogic during the 4th quarter valued at about $96,000. Penserra Capital Management LLC bought a new position in shares of Satellogic during the 2nd quarter valued at about $380,000. ProShare Advisors LLC bought a new position in shares of Satellogic during the 2nd quarter valued at about $51,000. Geode Capital Management LLC lifted its holdings in shares of Satellogic by 1,671.4% during the 2nd quarter. Geode Capital Management LLC now owns 874,487 shares of the company's stock valued at $3,166,000 after purchasing an additional 825,121 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in shares of Satellogic during the 2nd quarter valued at about $58,000. Institutional investors own 17.58% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.