Satellogic (NASDAQ:SATL) Stock Price Up 2.8%

Satellogic Inc. (NASDAQ:SATL) shares rose 2.8% during mid-day trading on Tuesday . The stock traded as high as $1.50 and last traded at $1.49. Approximately 17,734 shares were traded during trading, a decline of 60% from the average daily volume of 44,802 shares. The stock had previously closed at $1.45.

Satellogic Stock Performance

The company’s 50-day moving average price is $1.63 and its 200-day moving average price is $1.41.

Institutional Trading of Satellogic

Several hedge funds have recently made changes to their positions in the business. Raymond James & Associates acquired a new stake in Satellogic in the third quarter valued at approximately $29,000. UBS Group AG raised its holdings in Satellogic by 343.7% in the first quarter. UBS Group AG now owns 15,790 shares of the company’s stock valued at $33,000 after acquiring an additional 12,231 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in Satellogic in the fourth quarter valued at approximately $43,000. Renaissance Technologies LLC purchased a new position in Satellogic in the first quarter valued at approximately $48,000. Finally, Millennium Management LLC purchased a new position in Satellogic in the second quarter valued at approximately $355,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

About Satellogic

Satellogic Inc operates as an integrated geospatial analytics 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.