Satellogic (NASDAQ:SATL) Shares Up 14.5% – Still a Buy?

Shares of Satellogic Inc. (NASDAQ:SATL) shot up 14.5% on Tuesday . The company traded as high as $4.46 and last traded at $4.5220. 3,826,992 shares traded hands during trading, a decline of 60% from the average daily volume of 9,590,580 shares. The stock had previously closed at $3.95.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SATL. Northland Securities set a $11.00 price target on shares of Satellogic in a research note on Thursday, May 28th. Cantor Fitzgerald reissued an “overweight” rating on shares of Satellogic in a research report on Monday, June 15th. Wall Street Zen lowered shares of Satellogic from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Finally, Roth Capital boosted their target price on shares of Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Satellogic currently has a consensus rating of “Buy” and a consensus target price of $9.10.

Satellogic Stock Performance

The firm has a 50 day moving average of $5.65 and a two-hundred day moving average of $5.44. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 2.41. The stock has a market cap of $665.60 million, a PE ratio of -5.99 and a beta of 1.31.

Satellogic (NASDAQ:SATL) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) for the quarter. Satellogic had a negative net margin of 443.06% and a negative return on equity of 100.03%. The company had revenue of $6.11 million during the quarter. Research analysts predict that Satellogic Inc. will post -0.11 EPS for the current fiscal year.

Insider Activity at Satellogic

In related news, CTO Alan Kharsansky sold 87,091 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $8.35, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction 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 in the company, valued at $97,700,000. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 38.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Satellogic

A number of institutional investors and hedge funds have recently made changes to their positions in SATL. Abel Hall LLC acquired a new stake in shares of Satellogic during the fourth quarter worth about $25,000. StoneX Group Inc. acquired a new position in Satellogic in the 4th quarter valued at about $25,000. Neuberger Berman Group LLC acquired a new position in Satellogic in the 4th quarter valued at about $25,000. Legal & General Group Plc purchased a new stake in Satellogic during the 2nd quarter valued at approximately $27,000. Finally, ProShare Advisors LLC raised its stake in Satellogic by 30.2% during the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock valued at $29,000 after acquiring an additional 3,561 shares during the last quarter. 17.58% of the stock is owned by hedge funds and other institutional investors.

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.