Rick Dunn Sells 72,712 Shares of Satellogic Inc. (NASDAQ:SATL) Stock

Satellogic Inc. (NASDAQ:SATL) CFO Rick Dunn sold 72,712 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $4.63, for a total value of $336,656.56. Following the sale, the chief financial officer now owns 193,849 shares in the company, valued at $897,520.87. This represents a 27.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, May 20th, Rick Dunn sold 58,311 shares of Satellogic stock. The stock was sold at an average price of $4.13, for a total value of $240,824.43.

Satellogic Stock Performance

Shares of SATL stock opened at $3.77 on Thursday. Satellogic Inc. has a twelve month low of $0.72 and a twelve month high of $5.49. The stock’s fifty day simple moving average is $3.88 and its 200 day simple moving average is $3.20.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $3.39 million during the quarter.

Institutional Investors Weigh In On Satellogic

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Liberty 77 Capital L.P. bought a new stake in Satellogic during the 4th quarter worth $57,000,000. Insigneo Advisory Services LLC bought a new stake in Satellogic during the 4th quarter worth $197,000. Jane Street Group LLC bought a new stake in shares of Satellogic in the 4th quarter valued at about $96,000. Finally, Virtu Financial LLC bought a new stake in shares of Satellogic in the 4th quarter valued at about $68,000. Institutional investors own 17.58% of the company’s stock.

About Satellogic

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.