Satellogic Inc. (NASDAQ:SATL - Get Free Report) traded up 2.8% during mid-day trading on Tuesday . The company traded as high as $1.50 and last traded at $1.49. 17,734 shares were traded during trading, a decline of 60% from the average session volume of 44,802 shares. The stock had previously closed at $1.45.
Satellogic Stock Performance
The stock has a 50-day moving average price of $1.63 and a 200-day moving average price of $1.41.
Institutional Trading of Satellogic
Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates acquired a new position in Satellogic in the third quarter worth about $29,000. UBS Group AG grew its stake in Satellogic by 343.7% in the first quarter. UBS Group AG now owns 15,790 shares of the company's stock worth $33,000 after purchasing an additional 12,231 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in Satellogic in the fourth quarter worth about $43,000. Renaissance Technologies LLC acquired a new position in Satellogic in the first quarter worth about $48,000. Finally, Millennium Management LLC acquired a new position in Satellogic in the second quarter valued at approximately $355,000. 17.58% of the stock is owned by hedge funds and other institutional investors.
Satellogic Company Profile
(
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Satellogic Inc operates as an integrated geospatial analytics 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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