Insider Selling: Satellogic Inc. (NASDAQ:SATL) CFO Sells 58,311 Shares of Stock

Satellogic Inc. (NASDAQ:SATL) CFO Rick Dunn sold 58,311 shares of Satellogic stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $4.13, for a total value of $240,824.43. Following the sale, the chief financial officer now directly owns 135,538 shares of the company’s stock, valued at approximately $559,771.94. This trade represents a 30.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rick Dunn also recently made the following trade(s):

• On Friday, May 16th, Rick Dunn sold 72,712 shares of Satellogic stock. The shares were sold at an average price of $4.63, for a total value of $336,656.56.

Satellogic Stock Performance

NASDAQ:SATL opened at $4.04 on Wednesday. The business has a 50 day moving average of $3.88 and a 200 day moving average of $3.20. Satellogic Inc. has a 1-year low of $0.72 and a 1-year high of $5.49.

Satellogic (NASDAQ:SATL) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.16) EPS for the quarter. The business had revenue of $3.39 million for the quarter.

Hedge Funds Weigh In On Satellogic

A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in Satellogic in the fourth quarter worth $68,000. Jane Street Group LLC purchased a new position in shares of Satellogic in the fourth quarter worth about $96,000. Insigneo Advisory Services LLC purchased a new position in shares of Satellogic in the fourth quarter worth about $197,000. Finally, Liberty 77 Capital L.P. bought a new stake in shares of Satellogic in the 4th quarter valued at about $57,000,000. Hedge funds and other institutional investors own 17.58% of the company’s stock.

Satellogic Company Profile

Satellogic Inc operates as an integrated geospatial company in the Asia Pacific, North America, and internationally. It engages in tasking satellites with monitoring assets and keeping up with their changing reality for government and commercial customers; control satellites on top of specific areas of interest for governments; and sale and support satellites.