Satellogic (NASDAQ:SATL) Shares Up 2.8%

Satellogic Inc. (NASDAQ:SATL) shares shot up 2.8% during trading on Tuesday . The stock traded as high as $1.50 and last traded at $1.49. 17,734 shares traded hands during trading, a decline of 60% from the average session volume of 44,802 shares. The stock had previously closed at $1.45.

Satellogic Stock Performance

The firm’s 50-day simple moving average is $1.63 and its 200 day simple moving average is $1.41.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. grew its stake 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 worth $27,053,000 after buying an additional 2,078,064 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Satellogic during the first quarter worth $6,420,000. Altshuler Shaham Ltd bought a new stake in shares of Satellogic during the fourth quarter worth $43,000. Millennium Management LLC bought a new stake in shares of Satellogic during the second quarter worth $355,000. Finally, Raymond James & Associates bought a new stake in shares of Satellogic during the third quarter worth $29,000. 17.58% of the stock is currently owned by institutional investors and hedge funds.

About Satellogic

Satellogic Inc operates as an integrated geospatial analytics 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.