Sei Investments Co. Takes $1.61 Million Position in Satellogic Inc. $SATL

Sei Investments Co. purchased a new stake in Satellogic Inc. (NASDAQ:SATL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 295,470 shares of the company’s stock, valued at approximately $1,607,000. Sei Investments Co. owned 0.21% of Satellogic as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Abel Hall LLC purchased a new stake in shares of Satellogic in the fourth quarter worth about $25,000. StoneX Group Inc. purchased a new position in Satellogic during the fourth quarter valued at approximately $25,000. Neuberger Berman Group LLC bought a new stake in Satellogic during the 4th quarter worth approximately $25,000. Legal & General Group Plc bought a new stake in Satellogic during the 2nd quarter worth approximately $27,000. Finally, ProShare Advisors LLC lifted its stake in Satellogic by 30.2% in the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock worth $29,000 after purchasing an additional 3,561 shares in the last quarter. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CTO Alan Kharsansky sold 87,091 shares of Satellogic stock in a transaction dated Thursday, May 14th. The stock was 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 directly owned 47,785 shares in the company, valued at approximately $399,004.75. This trade represents a 64.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 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.

Satellogic Stock Performance

Satellogic stock opened at $5.33 on Tuesday. The company has a current ratio of 2.34, a quick ratio of 2.31 and a debt-to-equity ratio of 2.65. The firm has a market cap of $790.12 million, a P/E ratio of -6.50 and a beta of 1.31. Satellogic Inc. has a 1-year low of $1.25 and a 1-year high of $12.00. The firm has a 50-day moving average of $5.18 and a 200-day moving average of $5.49.

Satellogic (NASDAQ:SATL) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). The company had revenue of $15.92 million during the quarter, compared to the consensus estimate of $9.57 million. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. Sell-side analysts expect that Satellogic Inc. will post -0.02 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings upgraded Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Northland Securities set a $11.00 price target on Satellogic in a report on Thursday, May 28th. Wall Street Zen downgraded Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Cantor Fitzgerald cut their price objective on Satellogic from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Satellogic from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $8.90.

Satellogic 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.