Satellogic Inc. (NASDAQ:SATL) CFO Sells $105,031.50 in Stock

Satellogic Inc. (NASDAQ:SATL - Get Free Report) CFO Rick Dunn sold 30,009 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $3.50, for a total value of $105,031.50. Following the sale, the chief financial officer now owns 132,108 shares of the company's stock, valued at approximately $462,378. This represents a 18.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Rick Dunn also recently made the following trade(s):

• On Tuesday, May 20th, Rick Dunn sold 58,311 shares of Satellogic stock. The shares were sold at an average price of $4.13, for a total transaction of $240,824.43.
• On Friday, May 16th, Rick Dunn sold 72,712 shares of Satellogic stock. The shares were sold at an average price of $4.63, for a total transaction of $336,656.56.

Satellogic Trading Up 2.0%

Shares of NASDAQ:SATL traded up $0.07 during midday trading on Tuesday, hitting $3.61. 1,388,670 shares of the company's stock were exchanged, compared to its average volume of 699,256. Satellogic Inc. has a 12 month low of $0.72 and a 12 month high of $5.49. The stock has a 50 day moving average price of $3.82 and a 200-day moving average price of $3.56.

Satellogic (NASDAQ:SATL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $3.39 million during the quarter.

Hedge Funds Weigh In On Satellogic

A number of hedge funds and other institutional investors have recently modified their holdings of SATL. Virtu Financial LLC purchased a new stake in shares of Satellogic during the 4th quarter valued at $68,000. Liberty 77 Capital L.P. bought a new position in Satellogic during the fourth quarter valued at about $57,000,000. Insigneo Advisory Services LLC purchased a new stake in Satellogic during the fourth quarter worth about $197,000. Finally, Jane Street Group LLC bought a new stake in Satellogic in the fourth quarter worth about $96,000. Hedge funds and other institutional investors own 17.58% of the company's stock.

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.

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.