Satellogic (NASDAQ:SATL) CEO Sells $1,717,666.64 in Stock

Key Points

• Satellogic CEO Emiliano Kargieman sold a total of $1,717,666.64 in stock, reducing his ownership by 16.37%.
• The company's shares recently experienced a 1.1% increase, reaching a price of $3.77 during mid-day trading.
• Institutional investors now hold 17.58% of Satellogic's stock, with several hedge funds recently acquiring new stakes in the company.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) CEO Emiliano Kargieman sold 435,956 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $3.94, for a total value of $1,717,666.64. Following the completion of the sale, the chief executive officer owned 2,226,793 shares of the company's stock, valued at approximately $8,773,564.42. This trade represents a 16.37% decrease in their ownership of the stock. The transaction 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 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 transaction of $806,240.05.
• 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 shares were sold at an average price of $3.75, for a total value of $274,083.75.

Satellogic Stock Up 1.1%

Shares of SATL stock traded up $0.04 during mid-day trading on Tuesday, reaching $3.77. The stock had a trading volume of 1,590,389 shares, compared to its average volume of 1,231,847. The business's fifty day moving average is $3.53 and its 200-day moving average is $3.63. Satellogic Inc. has a 1-year low of $0.93 and a 1-year high of $5.49.

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 during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SATL. Ameritas Investment Partners Inc. acquired a new position in shares of Satellogic in the second quarter valued at about $25,000. Legal & General Group Plc acquired a new stake in Satellogic during the second quarter worth about $27,000. LMR Partners LLP acquired a new stake in Satellogic during the second quarter worth about $30,000. ProShare Advisors LLC acquired a new stake in Satellogic during the second quarter worth about $51,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Satellogic during the second quarter worth about $58,000. 17.58% of the stock is owned by institutional investors and hedge funds.

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.

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