Satellogic (NASDAQ:SATL) Shares Down 1%

Shares of Satellogic Inc. (NASDAQ:SATL) traded down 1% on Thursday . The stock traded as low as $1.01 and last traded at $1.02. 82,125 shares changed hands during mid-day trading, an increase of 65% from the average session volume of 49,853 shares. The stock had previously closed at $1.03.

Satellogic Trading Up 2.9 %

The business’s fifty day simple moving average is $1.07 and its 200-day simple moving average is $1.32.

Institutional Trading of Satellogic

A number of institutional investors and hedge funds have recently bought and sold shares of SATL. Cantor Fitzgerald L. P. grew its position in shares of Satellogic by 15.5% during the fourth quarter. Cantor Fitzgerald L. P. now owns 15,458,937 shares of the company’s stock valued at $27,053,000 after purchasing an additional 2,078,064 shares in the last quarter. MSA Advisors LLC purchased a new stake in shares of Satellogic in the second quarter worth about $27,000. Finally, Ground Swell Capital LLC bought a new position in Satellogic during the second quarter valued at approximately $26,000. 17.58% of the stock is currently owned by institutional investors.

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.