Satellogic (NASDAQ:SATL) Upgraded to Strong-Buy at Freedom Capital

Satellogic (NASDAQ:SATL) was upgraded by equities researchers at Freedom Capital to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

SATL has been the subject of several other reports. Craig Hallum assumed coverage on Satellogic in a research report on Wednesday, January 21st. They set a “buy” rating and a $5.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Satellogic in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Cantor Fitzgerald set a $7.00 price objective on shares of Satellogic in a report on Friday, February 20th. Finally, Loop Capital set a $4.50 price objective on shares of Satellogic in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Satellogic has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Satellogic Trading Down 3.5%

Shares of SATL stock opened at $3.00 on Wednesday. The company has a market cap of $406.41 million, a P/E ratio of -12.50 and a beta of 1.45. The firm has a fifty day moving average price of $3.47 and a 200 day moving average price of $2.88. Satellogic has a 12 month low of $1.25 and a 12 month high of $5.93.

Insider Activity

In other news, major shareholder Fitzgerald L. P. Cantor sold 388,827 shares of Satellogic stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $5.63, for a total value of $2,189,096.01. Following the transaction, the insider directly owned 12,862,075 shares of the company’s stock, valued at $72,413,482.25. The trade was a 2.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 524,373 shares of company stock worth $2,942,676 in the last 90 days. Company insiders own 51.62% of the company’s stock.

Institutional Trading of Satellogic

A number of large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. purchased a new position in Satellogic during the 2nd quarter worth $25,000. Abel Hall LLC acquired a new position in Satellogic in the fourth quarter valued at $25,000. StoneX Group Inc. purchased a new stake in shares of Satellogic in the fourth quarter valued at about $25,000. Neuberger Berman Group LLC purchased a new stake in shares of Satellogic in the fourth quarter valued at about $25,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Satellogic during the third quarter worth about $26,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

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.