Satellogic Inc. (NASDAQ:SATL - Get Free Report)'s stock price traded up 3.9% during trading on Tuesday . The stock traded as high as $3.78 and last traded at $3.75. 1,724,614 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 1,423,053 shares. The stock had previously closed at $3.61.
Satellogic Price Performance
The company's 50-day moving average price is $3.52 and its 200 day moving average price is $3.63.
Satellogic (NASDAQ:SATL - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $4.44 million for the quarter.
Insider Transactions at Satellogic
In other news, CFO Rick Dunn sold 30,009 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $3.50, for a total value of $105,031.50. Following the sale, the chief financial officer directly owned 132,108 shares of the company's stock, valued at $462,378. This represents a 18.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Matthew Tirman sold 29,073 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $3.45, for a total transaction of $100,301.85. Following the completion of the sale, the president directly owned 99,162 shares in the company, valued at $342,108.90. This represents a 22.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,362 shares of company stock valued at $536,383 in the last three months. 63.71% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Satellogic
Hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in Satellogic in the 2nd quarter worth about $25,000. Legal & General Group Plc bought a new position in Satellogic in the 2nd quarter worth about $27,000. LMR Partners LLP bought a new position in Satellogic in the 2nd quarter worth about $30,000. ProShare Advisors LLC bought a new position in Satellogic in the 2nd quarter worth about $51,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in Satellogic in the 2nd quarter worth about $58,000. Institutional investors own 17.58% of the company's stock.
Satellogic Company Profile
(
Get Free Report)
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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