Investors Purchase High Volume of Satellogic Call Options (NASDAQ:SATL)

Satellogic Inc. (NASDAQ:SATL) was the target of unusually large options trading on Thursday. Investors bought 10,249 call options on the stock. This is an increase of approximately 935% compared to the typical daily volume of 990 call options.

Insider Buying and Selling at Satellogic

In other Satellogic news, CEO Emiliano Kargieman sold 283,121 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $4.08, for a total transaction of $1,155,133.68. Following the sale, the chief executive officer directly owned 1,323,482 shares in the company, valued at approximately $5,399,806.56. The trade was a 17.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 51.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in shares of Satellogic in the 2nd quarter valued at $25,000. Farther Finance Advisors LLC acquired a new position in Satellogic in the third quarter valued at $26,000. Legal & General Group Plc purchased a new stake in Satellogic during the second quarter valued at about $27,000. LMR Partners LLP acquired a new stake in Satellogic during the second quarter worth about $30,000. Finally, Squarepoint Ops LLC acquired a new stake in Satellogic during the third quarter worth about $33,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

Satellogic Stock Performance

SATL stock opened at $3.01 on Friday. The stock’s 50 day moving average price is $1.83 and its 200 day moving average price is $2.85. The firm has a market cap of $407.76 million, a P/E ratio of -12.54 and a beta of 1.36. Satellogic has a 1 year low of $1.25 and a 1 year high of $5.12.

Satellogic (NASDAQ:SATL) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $3.63 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Satellogic in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

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.