Stock Traders Buy High Volume of Call Options on Satellogic (NASDAQ:SATL)

Satellogic Inc. (NASDAQ:SATL) was the recipient of unusually large options trading activity on Monday. Stock traders bought 6,592 call options on the company. This is an increase of 202% compared to the typical volume of 2,180 call options.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SATL. Craig Hallum started coverage on shares of Satellogic in a report on Wednesday, January 21st. They issued a “buy” rating and a $5.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.00.

Satellogic Stock Performance

NASDAQ:SATL opened at $5.50 on Wednesday. The company has a market cap of $745.09 million, a price-to-earnings ratio of -22.92 and a beta of 1.36. Satellogic has a fifty-two week low of $1.25 and a fifty-two week high of $5.71. The stock has a fifty day moving average price of $2.42 and a 200-day moving average price of $2.88.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SATL. Vanguard Group Inc. increased its position 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 period. Geode Capital Management LLC increased its stake in Satellogic by 1,671.4% during the 2nd quarter. Geode Capital Management LLC now owns 874,487 shares of the company’s stock valued at $3,166,000 after purchasing an additional 825,121 shares in the last quarter. Halter Ferguson Financial Inc. bought a new stake in Satellogic during the 3rd quarter worth approximately $1,276,000. Penserra Capital Management LLC raised its position in Satellogic by 8.7% in the 3rd quarter. Penserra Capital Management LLC now owns 114,184 shares of the company’s stock valued at $374,000 after buying an additional 9,111 shares during the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Satellogic during the second quarter valued at about $351,000. 17.58% of the stock is owned by institutional investors.

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.