Liberty 77 Capital L.P. Sells 10,000,000 Shares of Satellogic (NASDAQ:SATL) Stock

Satellogic Inc. (NASDAQ:SATL) Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 10,000,000 shares in the company, valued at $97,700,000. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Satellogic Trading Down 3.5%

NASDAQ:SATL opened at $9.51 on Friday. 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 firm has a market capitalization of $1.41 billion, a P/E ratio of -12.68 and a beta of 1.06. Satellogic Inc. has a 12-month low of $1.25 and a 12-month high of $12.00. The business has a 50 day simple moving average of $7.34 and a 200 day simple moving average of $4.34.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Loop Capital set a $4.50 price target on shares of Satellogic in a research report on Wednesday, March 11th. Northland Securities set a $11.00 price target on shares of Satellogic in a research report on Thursday. Zacks Research upgraded shares of Satellogic to a “hold” rating in a research report on Thursday, February 19th. Citigroup restated an “outperform” rating on shares of Satellogic in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Satellogic from a “sell” rating to a “hold” rating in a report on Saturday. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.10.

Institutional Investors Weigh In On Satellogic

Several institutional investors have recently bought and sold shares of SATL. Abel Hall LLC acquired a new stake in Satellogic in the fourth quarter worth about $25,000. StoneX Group Inc. acquired a new stake in Satellogic in the fourth quarter worth about $25,000. Neuberger Berman Group LLC acquired a new stake in Satellogic in the fourth quarter worth about $25,000. Legal & General Group Plc acquired a new stake in Satellogic in the second quarter worth about $27,000. Finally, ProShare Advisors LLC lifted its holdings in Satellogic by 30.2% in the fourth quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock worth $29,000 after purchasing an additional 3,561 shares during the period. Institutional investors and hedge funds own 17.58% of the company’s stock.

About Satellogic

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.