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 stock was sold at an average price of $3.75, for a total transaction of $65,175.00. Following the completion of the transaction, the chief executive officer directly owned 2,000,000 shares of the company's stock, valued at $7,500,000. This trade represents a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 transaction 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 shares were 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 shares were 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 transaction of $274,083.75.

Satellogic Price Performance

NASDAQ:SATL traded up $0.04 during mid-day trading on Tuesday, hitting $3.77. The company's stock had a trading volume of 1,590,389 shares, compared to its average volume of 1,549,769. Satellogic Inc. has a 1 year low of $0.93 and a 1 year high of $5.49. The business's fifty day moving average is $3.54 and its two-hundred day moving average is $3.63.

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

Institutional Investors Weigh In On Satellogic

Several hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. purchased a new stake in shares of Satellogic during the 2nd quarter worth about $25,000. Legal & General Group Plc purchased a new stake in shares of Satellogic during the 2nd quarter worth about $27,000. LMR Partners LLP purchased a new stake in shares of Satellogic during the 2nd quarter worth about $30,000. ProShare Advisors LLC purchased a new stake in shares of Satellogic during the 2nd quarter worth about $51,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Satellogic during the 2nd quarter worth about $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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