Satellogic (NASDAQ:SATL) Shares Up 14.2% - Here's What Happened

Key Points

• Shares rose 14.2% on Thursday, trading as high as $7.57 and last at about $7.87, with 5.48 million shares changing hands—roughly 50% below average daily volume.
• Satellogic posted an earnings beat with quarterly EPS of $0.17 (vs. -$0.06 est.) and revenue of $6.25M (vs. $3.83M est.), though profitability metrics (ROE and net margin) remain negative.
• Analysts have a "Moderate Buy" consensus with an average price target of $5.50—well below current levels—while insiders recently sold shares (500,000 by Fitzgerald Cantor) despite owning 51.62% of the stock.

Satellogic Inc. (NASDAQ:SATL - Get Free Report) shot up 14.2% on Thursday . The stock traded as high as $7.57 and last traded at $7.8710. 5,481,161 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 10,893,573 shares. The stock had previously closed at $6.89.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SATL. Craig Hallum began coverage on Satellogic in a research report on Wednesday, January 21st. They issued a "buy" rating and a $5.00 price target for the company. Zacks Research upgraded Satellogic to a "hold" rating in a research report on Thursday, February 19th. Freedom Capital upgraded Satellogic to a "strong-buy" rating in a research report on Wednesday, March 11th. Northland Securities began coverage on Satellogic in a research report on Wednesday, February 18th. They issued an "outperform" rating and a $5.50 price target for the company. Finally, Wall Street Zen upgraded Satellogic from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $5.50.

Satellogic Stock Up 9.6%

The company has a market cap of $1.08 billion, a P/E ratio of -30.66 and a beta of 0.99. The company has a 50 day moving average of $4.06 and a 200-day moving average of $3.08. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.12 and a quick ratio of 5.02.

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

Insider Transactions at Satellogic

In related news, insider Fitzgerald L. P. Cantor sold 500,000 shares of Satellogic stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $5.01, for a total transaction of $2,505,000.00. Following the completion of the sale, the insider owned 12,356,500 shares of the company's stock, valued at approximately $61,906,065. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,024,373 shares of company stock worth $5,447,676 over the last three months. 51.62% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Satellogic

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new stake in Satellogic during the second quarter valued at $27,000. Farther Finance Advisors LLC bought a new stake in Satellogic during the third quarter worth about $26,000. LMR Partners LLP bought a new stake in Satellogic during the second quarter worth about $30,000. Squarepoint Ops LLC bought a new stake in Satellogic during the third quarter worth about $33,000. Finally, Virtu Financial LLC bought a new stake in Satellogic during the third quarter worth about $36,000. Institutional investors 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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