Caitong International Asset Management Co. Ltd Purchases 277,326 Shares of Satellogic Inc. $SATL

Caitong International Asset Management Co. Ltd raised its position in shares of Satellogic Inc. (NASDAQ:SATL) by 223,650.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,450 shares of the company’s stock after acquiring an additional 277,326 shares during the period. Caitong International Asset Management Co. Ltd owned approximately 0.20% of Satellogic worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SATL. Neuberger Berman Group LLC purchased a new stake in shares of Satellogic during the 4th quarter valued at about $25,000. StoneX Group Inc. bought a new stake in Satellogic during the fourth quarter worth approximately $25,000. Abel Hall LLC bought a new stake in Satellogic during the fourth quarter worth approximately $25,000. Legal & General Group Plc purchased a new stake in Satellogic during the second quarter valued at approximately $27,000. Finally, ProShare Advisors LLC raised its position in Satellogic by 30.2% during the fourth quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock valued at $29,000 after purchasing an additional 3,561 shares during the period. 17.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup restated an “outperform” rating on shares of Satellogic in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Roth Mkm increased their price objective on shares of Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Northland Securities set a $11.00 price objective on shares of Satellogic in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded Satellogic from a “sell” rating to a “hold” rating in a research report on Monday, June 15th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Satellogic currently has an average rating of “Moderate Buy” and a consensus target price of $9.10.

Insider Transactions at Satellogic

In related news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $5.01, for a total value of $2,505,000.00. Following the transaction, the insider owned 12,356,500 shares in the company, valued at approximately $61,906,065. This represents a 3.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 10,000,000 shares of the company’s stock, valued at $97,700,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,587,091 shares of company stock worth $100,932,210 over the last three months. 38.84% of the stock is currently owned by insiders.

Satellogic Stock Performance

Shares of NASDAQ:SATL opened at $6.03 on Friday. The firm has a 50 day moving average of $7.72 and a 200 day moving average of $4.92. The company has a quick ratio of 2.41, a current ratio of 2.44 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $893.89 million, a price-to-earnings ratio of -8.04 and a beta of 1.19. Satellogic Inc. has a 52 week low of $1.25 and a 52 week high of $12.00.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) for the quarter. The business 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%. On average, sell-side analysts predict that Satellogic Inc. will post -0.11 earnings per share for the current fiscal year.

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.