Satellogic (NASDAQ:SATL) CEO Sells $1,155,133.68 in Stock

Key Points

• Emiliano Kargieman, CEO of Satellogic, sold approximately $1.15 million in company stock, reducing his ownership by 17.62% to 1,323,482 shares valued at $5.4 million post-transaction.
• Satellogic's stock price has dropped significantly, trading down by 29.7% to $2.91, having a 12-month low of $0.93 and a high of $5.49.
• The company has a consensus rating of "Sell", with one analyst recently restating a "sell (d-)" rating amidst falling stock performance.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) CEO Emiliano Kargieman sold 283,121 shares of the firm's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $4.08, for a total value of $1,155,133.68. Following the completion of the transaction, the chief executive officer directly owned 1,323,482 shares in the company, valued at $5,399,806.56. The trade was a 17.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, October 14th, Emiliano Kargieman sold 11,040 shares of Satellogic stock. The shares were sold at an average price of $4.00, for a total transaction of $44,160.00.
• On Friday, October 10th, Emiliano Kargieman sold 1,836 shares of Satellogic stock. The stock was sold at an average price of $4.03, for a total transaction of $7,399.08.
• On Thursday, October 9th, Emiliano Kargieman sold 314,767 shares of Satellogic stock. The shares were sold at an average price of $4.09, for a total transaction of $1,287,397.03.
• On Wednesday, October 8th, Emiliano Kargieman sold 85,700 shares of Satellogic stock. The stock was sold at an average price of $4.03, for a total transaction of $345,371.00.
• On Tuesday, September 23rd, Emiliano Kargieman sold 130 shares of Satellogic stock. The stock was sold at an average price of $4.00, for a total transaction of $520.00.
• 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 Monday, September 15th, Emiliano Kargieman sold 209,413 shares of Satellogic stock. The stock was sold at an average price of $3.85, for a total value of $806,240.05.
• 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 shares were 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.

Satellogic Stock Down 29.7%

Shares of NASDAQ SATL traded down $1.23 during trading on Thursday, hitting $2.91. The company had a trading volume of 34,790,983 shares, compared to its average volume of 1,593,439. Satellogic Inc. has a 12 month low of $0.93 and a 12 month high of $5.49. The stock has a 50 day simple moving average of $3.60 and a 200 day simple 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 (EPS) for the quarter. The company had revenue of $4.44 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Satellogic in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Satellogic presently has a consensus rating of "Sell".

Institutional Investors Weigh In On Satellogic

A number of institutional investors have recently added to or reduced their stakes in SATL. Ameritas Investment Partners Inc. purchased a new position in shares of Satellogic in the second quarter worth $25,000. Farther Finance Advisors LLC bought a new stake in Satellogic in the 3rd quarter valued at $26,000. Legal & General Group Plc bought a new stake in Satellogic in the 2nd quarter valued at $27,000. LMR Partners LLP purchased a new stake in Satellogic in the 2nd quarter worth $30,000. Finally, ProShare Advisors LLC purchased a new position in shares of Satellogic during the second quarter valued at about $51,000. 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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