Satellogic Inc. $SATL is Caitong International Asset Management Co. Ltd’s 3rd Largest Position

Caitong International Asset Management Co. Ltd boosted its holdings in Satellogic Inc. (NASDAQ:SATL) by 87,119.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,152 shares of the company’s stock after purchasing an additional 108,028 shares during the period. Satellogic comprises 0.6% of Caitong International Asset Management Co. Ltd’s portfolio, making the stock its 3rd largest position. Caitong International Asset Management Co. Ltd owned 0.08% of Satellogic worth $202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in Satellogic by 107.2% in the fourth quarter. Wells Fargo & Company MN now owns 92,385 shares of the company’s stock valued at $173,000 after purchasing an additional 47,805 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Satellogic by 24.9% during the 4th quarter. MetLife Investment Management LLC now owns 51,860 shares of the company’s stock worth $97,000 after purchasing an additional 10,355 shares during the period. StoneX Group Inc. acquired a new stake in shares of Satellogic during the 4th quarter worth approximately $25,000. Goldman Sachs Group Inc. raised its position in shares of Satellogic by 72.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 272,905 shares of the company’s stock worth $510,000 after purchasing an additional 114,919 shares during the period. Finally, Geode Capital Management LLC raised its position 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 during the period. Hedge funds and other institutional investors own 17.58% of the company’s stock.

Insiders Place Their Bets

In other Satellogic news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Alan Kharsansky sold 87,091 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $8.35, for a total transaction of $727,209.85. Following the completion of the sale, the chief technology officer owned 47,785 shares of the company’s stock, valued at approximately $399,004.75. This represents a 64.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 10,587,091 shares of company stock valued at $100,932,210. 38.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SATL has been the subject of a number of recent analyst reports. Loop Capital set a $4.50 price objective on Satellogic in a report on Wednesday, March 11th. Zacks Research raised Satellogic to a “hold” rating in a research note on Thursday, February 19th. Citigroup reissued an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Roth Mkm raised their price objective on Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Cantor Fitzgerald raised their price objective on Satellogic from $7.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Satellogic presently has an average rating of “Moderate Buy” and an average target price of $9.10.

Satellogic Stock Down 11.4%

NASDAQ SATL opened at $6.66 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.41 and a debt-to-equity ratio of 0.93. The stock’s 50 day moving average is $7.79 and its two-hundred day moving average is $4.76. The company has a market capitalization of $987.28 million, a price-to-earnings ratio of -8.88 and a beta of 1.19. Satellogic Inc. has a 1-year low of $1.25 and a 1-year high of $12.00.

Satellogic (NASDAQ:SATL) last released its quarterly earnings data 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 for the quarter. Equities analysts forecast that Satellogic Inc. will post -0.11 earnings per share for the current fiscal year.

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.