Satellogic Inc. (NASDAQ:SATL – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.10.
A number of research analysts recently commented on SATL shares. Freedom Capital lowered shares of Satellogic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Northland Securities set a $11.00 price target on shares of Satellogic in a research note on Thursday, May 28th. Citigroup reiterated an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday.
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Satellogic Stock Up 1.4%
Satellogic (NASDAQ:SATL – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) earnings per share for the quarter. Satellogic had a negative return on equity of 100.03% and a negative net margin of 443.06%.The firm had revenue of $6.11 million for the quarter. Sell-side analysts anticipate that Satellogic will post -0.11 earnings per share for the current year.
Insider Transactions at Satellogic
In other Satellogic news, CTO Alan Kharsansky sold 87,091 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $8.35, for a total value of $727,209.85. Following the completion of the sale, the chief technology officer owned 47,785 shares of the company’s stock, valued at $399,004.75. The trade was a 64.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 38.84% of the stock is currently owned by corporate insiders.
Institutional Trading of Satellogic
Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc bought a new stake in Satellogic in the 2nd quarter valued at about $27,000. LMR Partners LLP bought a new stake in Satellogic in the 2nd quarter valued at about $30,000. Squarepoint Ops LLC bought a new stake in Satellogic in the 3rd quarter valued at about $33,000. Krilogy Financial LLC bought a new stake in Satellogic in the 1st quarter valued at about $60,000. Finally, Virtu Financial LLC bought a new stake in Satellogic in the 3rd quarter valued at about $36,000. Institutional investors own 17.58% of the company’s stock.
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.
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