Counterpoint Mutual Funds LLC Invests $584,000 in Satellogic Inc. $SATL

Counterpoint Mutual Funds LLC acquired a new stake in Satellogic Inc. (NASDAQ:SATL) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 107,296 shares of the company’s stock, valued at approximately $584,000. Counterpoint Mutual Funds LLC owned 0.08% of Satellogic at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in Satellogic by 30.2% in 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 in the last quarter. Invesco Ltd. boosted its position in shares of Satellogic by 14.0% during the 4th quarter. Invesco Ltd. now owns 46,639 shares of the company’s stock worth $87,000 after purchasing an additional 5,723 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Satellogic by 107.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,613 shares of the company’s stock worth $45,000 after purchasing an additional 7,052 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Satellogic during the 2nd quarter worth about $27,000. Finally, LMR Partners LLP acquired a new stake in shares of Satellogic in the 2nd quarter valued at about $30,000. Institutional investors own 17.58% of the company’s stock.

Satellogic Price Performance

SATL stock opened at $5.43 on Friday. The firm has a market capitalization of $804.94 million, a PE ratio of -7.24 and a beta of 1.26. The company has a quick ratio of 2.41, a current ratio of 2.44 and a debt-to-equity ratio of 0.93. Satellogic Inc. has a twelve month low of $1.25 and a twelve month high of $12.00. The stock’s 50 day moving average is $7.35 and its 200-day moving average is $5.16.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Northland Securities set a $11.00 target price on Satellogic in a research report on Thursday, May 28th. Loop Capital set a $4.50 price target on Satellogic in a report on Wednesday, March 11th. Wall Street Zen cut Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Cantor Fitzgerald reissued an “overweight” rating on shares of Satellogic in a research note on Monday, June 15th. Finally, Weiss Ratings upgraded Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.10.

Insider Activity

In other news, CTO Alan Kharsansky sold 87,091 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $8.35, for a total value of $727,209.85. Following the completion of the sale, the chief technology officer owned 47,785 shares in the company, valued at $399,004.75. This represents a 64.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the company’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 sale, the director directly owned 10,000,000 shares of the company’s stock, valued at $97,700,000. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 38.84% 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.