Satellogic (NASDAQ:SATL) Trading Up 5.5% – Should You Buy?

Satellogic Inc. (NASDAQ:SATL) shares rose 5.5% during trading on Friday . The company traded as high as $3.76 and last traded at $3.7650. 2,279,322 shares traded hands during trading, a decline of 77% from the average session volume of 10,030,604 shares. The stock had previously closed at $3.57.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SATL shares. Weiss Ratings raised shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Roth Capital increased their target price on shares of Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen raised Satellogic from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Satellogic in a research report on Monday, June 15th. Finally, Citigroup reiterated an “outperform” rating on shares of Satellogic in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $9.10.

Satellogic Price Performance

The company has a market cap of $582.73 million, a P/E ratio of -5.22 and a beta of 1.26. 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 company has a fifty day simple moving average of $6.97 and a 200-day simple moving average of $5.34.

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

Insiders Place Their Bets

In other news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of Satellogic stock in a transaction 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 owned 10,000,000 shares in the company, valued at approximately $97,700,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Alan Kharsansky sold 87,091 shares of the company’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 transaction, the chief technology officer owned 47,785 shares in the company, valued at $399,004.75. This represents a 64.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 38.84% of the company’s stock.

Hedge Funds Weigh In On Satellogic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cantor Fitzgerald L. P. lifted its stake in shares of Satellogic by 16.2% in the 4th quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company’s stock valued at $25,022,000 after purchasing an additional 1,863,696 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Satellogic in the 4th quarter worth approximately $16,830,000. Vanguard Group Inc. raised its stake in Satellogic by 44.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,262,216 shares of the company’s stock valued at $10,700,000 after purchasing an additional 1,002,400 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Satellogic in the fourth quarter valued at about $4,053,000. Finally, Geode Capital Management LLC grew its holdings in shares of Satellogic by 34.5% during the 4th quarter. Geode Capital Management LLC now owns 1,807,737 shares of the company’s stock worth $3,381,000 after purchasing an additional 463,811 shares in the last quarter. 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.