Satellogic (NASDAQ:SATL) CEO Emiliano Kargieman Sells 29,770 Shares

Key Points

• Emiliano Kargieman, CEO of Satellogic, sold a total of 121,734 shares of the company's stock across multiple transactions at prices around $3.75 to $3.76, reducing his ownership by approximately 1.02%.
• As of the latest trading, Satellogic shares are down 0.3% at $3.58, with a 52-week range between $0.93 and $5.49.
• The company reported a loss of ($0.06) earnings per share with $4.44 million in revenue for the last quarter.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) CEO Emiliano Kargieman sold 29,770 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $3.75, for a total transaction of $111,637.50. Following the completion of the sale, the chief executive officer owned 2,881,950 shares of the company's stock, valued at approximately $10,807,312.50. This represents a 1.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 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 Stock Down 0.3%

NASDAQ:SATL traded down $0.01 during trading hours on Wednesday, hitting $3.58. 1,699,595 shares of the company were exchanged, compared to its average volume of 1,190,934. Satellogic Inc. has a 52-week low of $0.93 and a 52-week high of $5.49. The company's 50 day moving average price is $3.52 and its 200-day moving average price is $3.63.

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

Institutional Trading of Satellogic

Several large investors have recently bought and sold shares of the stock. LMR Partners LLP purchased a new stake in shares of Satellogic in the 2nd quarter valued at $30,000. Bank of America Corp DE acquired a new position in Satellogic during the second quarter worth $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Satellogic during the second quarter worth $137,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Satellogic during the second quarter worth $87,000. Finally, Invesco Ltd. purchased a new stake in shares of Satellogic during the second quarter worth $146,000. Hedge funds and other 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.

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