Satellogic (NASDAQ:SATL) Shares Gap Down - Should You Sell?

Key Points

• Shares gapped down from $7.05 to $6.79 and last traded at $6.828 on heavy volume (~2.29M) even though Satellogic reported an earnings beat (EPS $0.17 vs. -$0.06; revenue $6.25M vs. $3.83M) while still showing negative net margin and ROE.
• Analyst coverage is mixed with a consensus rating of “Moderate Buy” and a consensus target of $5.50, while individual ratings range from Strong Buy to Sell and price targets vary (e.g., Cantor Fitzgerald $7.00, Northland $5.50).
• Insider selling has been notable—over 1.02M shares sold in the last 90 days including a 500k-share sale at $5.01—yet insiders still own 51.62% of the company while institutions hold 17.58%.

Satellogic Inc. (NASDAQ:SATL - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $7.05, but opened at $6.79. Satellogic shares last traded at $6.8280, with a volume of 2,288,594 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SATL. Weiss Ratings reiterated a "sell (d-)" rating on shares of Satellogic in a report on Thursday, January 22nd. Freedom Capital upgraded Satellogic to a "strong-buy" rating in a report on Wednesday, March 11th. Cantor Fitzgerald set a $7.00 price target on Satellogic in a research report on Friday, February 20th. Northland Securities started coverage on Satellogic in a research report on Wednesday, February 18th. They issued an "outperform" rating and a $5.50 price target on the stock. Finally, Zacks Research raised Satellogic to a "hold" rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.50.

Satellogic Stock Performance

The firm has a fifty day moving average of $4.00 and a 200-day moving average of $3.03. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -28.27 and a beta of 0.99. The company has a quick ratio of 5.02, a current ratio of 5.12 and a debt-to-equity ratio of 0.93.

Satellogic (NASDAQ:SATL - Get Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.23. The company had revenue of $6.25 million during the quarter, compared to analysts' expectations of $3.83 million. Satellogic had a negative return on equity of 34.92% and a negative net margin of 27.01%.

Insider Buying and Selling at Satellogic

In related news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the business's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $5.01, for a total value of $2,505,000.00. Following the transaction, the insider owned 12,356,500 shares in the company, valued at approximately $61,906,065. The trade was a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 1,024,373 shares of company stock valued at $5,447,676 over the last ninety days. 51.62% of the stock is owned by corporate insiders.

Institutional Trading of Satellogic

Institutional investors and hedge funds have recently bought and sold shares of the company. Halter Ferguson Financial Inc. bought a new stake in shares of Satellogic in the 3rd quarter worth approximately $1,276,000. Squarepoint Ops LLC grew its holdings in shares of Satellogic by 1,736.4% during the fourth quarter. Squarepoint Ops LLC now owns 184,451 shares of the company's stock valued at $345,000 after buying an additional 174,407 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Satellogic by 227.7% during the fourth quarter. AQR Capital Management LLC now owns 153,458 shares of the company's stock valued at $287,000 after buying an additional 106,626 shares in the last quarter. Barclays PLC raised its holdings in shares of Satellogic by 34.8% during the fourth quarter. Barclays PLC now owns 131,119 shares of the company's stock worth $245,000 after acquiring an additional 33,882 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Satellogic by 107.2% during the fourth quarter. Wells Fargo & Company MN now owns 92,385 shares of the company's stock worth $173,000 after acquiring an additional 47,805 shares in the last quarter. Institutional investors and hedge funds own 17.58% of the company's stock.

About Satellogic

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company's satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic's vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth's surface.

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