Satellogic (NASDAQ:SATL) Director Liberty 77 Capital L.P. Sells 10,000,000 Shares

Satellogic Inc. (NASDAQ:SATL) Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the transaction, the director directly owned 10,000,000 shares of the company’s stock, valued at $97,700,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Satellogic Stock Performance

SATL traded up $0.08 during trading on Thursday, reaching $9.85. 10,556,034 shares of the company’s stock were exchanged, compared to its average volume of 10,085,025. Satellogic Inc. has a 1 year low of $1.25 and a 1 year high of $12.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 2.41. The stock has a market capitalization of $1.46 billion, a P/E ratio of -13.13 and a beta of 1.06. The company’s fifty day simple moving average is $7.21 and its 200-day simple moving average is $4.30.

Satellogic (NASDAQ:SATL) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) for the quarter. Satellogic had a negative return on equity of 100.03% and a negative net margin of 443.06%.The business had revenue of $6.11 million for the quarter. As a group, research analysts predict that Satellogic Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Satellogic

A number of institutional investors have recently added to or reduced their stakes in SATL. Abel Hall LLC acquired a new stake in Satellogic in the 4th quarter valued at $25,000. StoneX Group Inc. acquired a new stake in Satellogic in the 4th quarter valued at $25,000. Neuberger Berman Group LLC acquired a new stake in Satellogic in the 4th quarter valued at $25,000. Legal & General Group Plc acquired a new stake in Satellogic in the 2nd quarter valued at $27,000. Finally, ProShare Advisors LLC grew its stake in Satellogic by 30.2% in the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock valued at $29,000 after acquiring an additional 3,561 shares during the period. Institutional investors and hedge funds own 17.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Loop Capital set a $4.50 price objective on shares of Satellogic in a research note on Wednesday, March 11th. Wall Street Zen cut shares of Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Roth Mkm raised their price objective on shares of Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup reaffirmed an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Satellogic presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.10.

Satellogic Company Profile

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.