Insider Selling: Satellogic (NASDAQ:SATL) CEO Sells 209,413 Shares of Stock

Key Points

• Emiliano Kargieman, CEO of Satellogic, sold a total of 209,413 shares at an average price of $3.85, amounting to approximately $806,240, representing a 9.40% decrease in his ownership.
• In addition to this sale, Kargieman executed multiple transactions, selling a total of over 900,000 shares throughout September, indicating significant selling activity.
• Satellogic shares are currently trading at around $3.77, showing an increase of 1.1%, while the company reported a loss of ($0.06) earnings per share for the last quarter.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) CEO Emiliano Kargieman sold 209,413 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $3.85, for a total transaction of $806,240.05. Following the completion of the transaction, the chief executive officer owned 2,017,380 shares in the company, valued at approximately $7,766,913. This trade represents a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, September 16th, Emiliano Kargieman sold 17,380 shares of Satellogic stock. The shares were sold at an average price of $3.75, for a total transaction of $65,175.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 Trading Up 3.1%

Shares of SATL stock traded up $0.11 during trading hours on Friday, hitting $3.66. 4,556,188 shares of the company were exchanged, compared to its average volume of 1,647,698. Satellogic Inc. has a 1 year low of $0.93 and a 1 year high of $5.49. The firm has a fifty day moving average of $3.55 and a 200 day moving average of $3.65.

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

Institutional Trading of Satellogic

A number of institutional investors and hedge funds have recently bought and sold shares of SATL. Geode Capital Management LLC increased its position in Satellogic by 1,671.4% during the 2nd quarter. Geode Capital Management LLC now owns 874,487 shares of the company's stock worth $3,166,000 after purchasing an additional 825,121 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Satellogic during the 2nd quarter worth approximately $380,000. Rhumbline Advisers acquired a new stake in Satellogic during the 2nd quarter worth approximately $351,000. Invesco Ltd. acquired a new stake in Satellogic during the 2nd quarter worth approximately $146,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Satellogic during the 2nd quarter worth approximately $137,000. Institutional investors and hedge funds 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.