Satellogic (NASDAQ:SATL) CEO Sells $65,175.00 in Stock

Key Points

• Satellogic CEO Emiliano Kargieman sold $65,175 worth of stock, reducing his holdings by 0.86% to 2,000,000 shares valued at $7.5 million.
• In a series of trades between September 3rd and September 16th, Kargieman sold a total of approximately $3 million worth of Satellogic shares at various average prices.
• The company's stock traded at $3.77 during midday trading, with a 1-year low of $0.93 and a high of $5.49, reflecting fluctuations in market performance.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) CEO Emiliano Kargieman sold 17,380 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $3.75, for a total transaction of $65,175.00. Following the transaction, the chief executive officer directly owned 2,000,000 shares of the company's stock, valued at approximately $7,500,000. This represents a 0.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 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 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 transaction of $227,768.32.
• On Wednesday, September 10th, Emiliano Kargieman sold 80,951 shares of Satellogic stock. The shares were 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 shares were 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 shares were sold at an average price of $3.76, for a total value 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 shares were 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 Price Performance

SATL traded up $0.11 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 12 month low of $0.93 and a 12 month high of $5.49. The firm has a fifty day simple moving average of $3.55 and a two-hundred day simple moving average of $3.65.

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

Institutional Investors Weigh In On Satellogic

A number of large investors have recently made changes to their positions in SATL. Ameritas Investment Partners Inc. purchased a new position in Satellogic during the 2nd quarter valued at $25,000. Legal & General Group Plc purchased a new stake in shares of Satellogic in the 2nd quarter worth approximately $27,000. LMR Partners LLP bought a new position in shares of Satellogic during the second quarter valued at $30,000. ProShare Advisors LLC bought a new stake in Satellogic during the 2nd quarter valued at about $51,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Satellogic during the second quarter valued at approximately $58,000. 17.58% of the stock is currently owned by 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.