Matthew Tirman Sells 22,860 Shares of Satellogic Inc. (NASDAQ:SATL) Stock

Satellogic Inc. (NASDAQ:SATL) President Matthew Tirman sold 22,860 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $4.16, for a total transaction of $95,097.60. Following the transaction, the president now owns 101,241 shares of the company’s stock, valued at approximately $421,162.56. This represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Satellogic Stock Up 2.5%

NASDAQ SATL opened at $4.04 on Wednesday. The firm’s fifty day moving average price is $3.88 and its two-hundred day moving average price is $3.20. Satellogic Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $5.49.

Satellogic (NASDAQ:SATL) last posted its earnings results on Tuesday, May 13th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $3.39 million for the quarter.

Institutional Trading of Satellogic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of Satellogic during the fourth quarter worth $68,000. Jane Street Group LLC bought a new stake in shares of Satellogic in the fourth quarter worth $96,000. Insigneo Advisory Services LLC bought a new stake in shares of Satellogic in the fourth quarter worth $197,000. Finally, Liberty 77 Capital L.P. bought a new stake in shares of Satellogic in the fourth quarter worth $57,000,000. Institutional investors own 17.58% of the company’s stock.

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.