Counterpoint Mutual Funds LLC Acquires Shares of 107,296 Satellogic Inc. $SATL

Counterpoint Mutual Funds LLC bought a new stake in shares of Satellogic Inc. (NASDAQ:SATL) in the 1st quarter, HoldingsChannel reports. The fund bought 107,296 shares of the company’s stock, valued at approximately $584,000.

A number of other hedge funds also recently made changes to their positions in the business. Neuberger Berman Group LLC purchased a new stake in Satellogic during the fourth quarter worth about $25,000. StoneX Group Inc. purchased a new position in Satellogic in the fourth quarter valued at about $25,000. Abel Hall LLC purchased a new position in Satellogic in the fourth quarter valued at about $25,000. Legal & General Group Plc bought a new position in shares of Satellogic during the 2nd quarter valued at approximately $27,000. Finally, ProShare Advisors LLC grew its position in shares of 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 period. 17.58% of the stock is currently owned by institutional investors.

Satellogic Price Performance

Shares of NASDAQ:SATL opened at $5.43 on Friday. The firm has a market capitalization of $804.94 million, a PE ratio of -7.24 and a beta of 1.26. The company has a quick ratio of 2.41, a current ratio of 2.44 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $7.35 and a two-hundred day moving average price of $5.16. Satellogic Inc. has a twelve month low of $1.25 and a twelve month high of $12.00.

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

Insider Buying and Selling

In other Satellogic news, CTO Alan Kharsansky sold 87,091 shares of the business’s 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 sale, the chief technology officer owned 47,785 shares of the company’s stock, valued at $399,004.75. The trade was a 64.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total value of $97,700,000.00. Following the sale, the director owned 10,000,000 shares in the company, valued at approximately $97,700,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 38.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SATL shares. Citigroup restated an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Loop Capital set a $4.50 price objective on Satellogic in a report on Wednesday, March 11th. Weiss Ratings raised Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Cantor Fitzgerald restated an “overweight” rating on shares of Satellogic in a research note on Monday, June 15th. Finally, Roth Mkm boosted their target price on Satellogic from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Satellogic currently has an average rating of “Moderate Buy” and an average target price of $9.10.

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.