Satellogic Inc. (NASDAQ:SATL) CFO Rick Dunn Sells 58,311 Shares

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

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 transaction of $336,656.56.

Satellogic Stock Up 2.5%

Satellogic stock opened at $4.04 on Wednesday. The firm’s 50 day simple moving average is $3.88 and its 200 day simple moving average is $3.20. Satellogic Inc. has a 1-year low of $0.72 and a 1-year high of $5.49.

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

Institutional Trading of Satellogic

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of Satellogic during the fourth quarter worth about $68,000. Jane Street Group LLC bought a new stake in Satellogic during the fourth quarter valued at approximately $96,000. Insigneo Advisory Services LLC bought a new stake in Satellogic during the fourth quarter valued at approximately $197,000. Finally, Liberty 77 Capital L.P. purchased a new position in Satellogic in the 4th quarter worth approximately $57,000,000. Hedge funds and other 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.