Satellogic (NASDAQ:SATL) CEO Emiliano Kargieman Sells 209,413 Shares

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 transaction, the chief executive officer owned 2,017,380 shares in the company, valued at $7,766,913. The trade was a 9.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $65,175.00.
• On Friday, September 12th, Emiliano Kargieman sold 435,956 shares of Satellogic stock. The shares were 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 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 1.1%

Shares of NASDAQ SATL traded up $0.04 during mid-day trading on Tuesday, reaching $3.77. The company had a trading volume of 1,590,389 shares, compared to its average volume of 1,549,769. The business's 50-day moving average is $3.53 and its 200-day moving average is $3.63. Satellogic Inc. has a 52 week low of $0.93 and a 52 week high of $5.49.

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 for the quarter.

Institutional Trading of Satellogic

Several hedge funds have recently modified their holdings of SATL. Jane Street Group LLC bought a new position in shares of Satellogic during the 4th quarter worth approximately $96,000. Penserra Capital Management LLC acquired a new position in shares of Satellogic during the second quarter worth $380,000. ProShare Advisors LLC acquired a new position in shares of Satellogic during the second quarter worth $51,000. Geode Capital Management LLC boosted its position in shares of Satellogic by 1,671.4% in 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. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in Satellogic during the 2nd quarter worth $58,000. 17.58% of the stock is owned by hedge funds and other institutional investors.

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.

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