Satellogic Sees Unusually Large Options Volume (NASDAQ:SATL)

Satellogic Inc. (NASDAQ:SATL) was the target of unusually large options trading activity on Monday. Stock traders bought 6,592 call options on the company. This is an increase of 202% compared to the typical daily volume of 2,180 call options.

Institutional Trading of Satellogic

Several institutional investors and hedge funds have recently modified their holdings of the business. Thompson Davis & CO. Inc. bought a new position in Satellogic in the fourth quarter valued at about $41,000. SG Americas Securities LLC bought a new position in shares of Satellogic in the fourth quarter worth about $46,000. Bank of America Corp DE boosted its stake in shares of Satellogic by 84.1% in the 3rd quarter. Bank of America Corp DE now owns 44,997 shares of the company’s stock valued at $148,000 after purchasing an additional 20,552 shares in the last quarter. Creative Planning bought a new stake in shares of Satellogic during the 3rd quarter valued at approximately $161,000. Finally, Virtu Financial LLC bought a new stake in shares of Satellogic during the 3rd quarter valued at approximately $36,000. 17.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on SATL shares. Craig Hallum initiated coverage on shares of Satellogic in a research report on Wednesday, January 21st. They set a “buy” rating and a $5.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a research note on Thursday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Satellogic has an average rating of “Hold” and an average price target of $5.00.

Satellogic Trading Down 12.8%

NASDAQ SATL opened at $4.58 on Tuesday. The firm’s 50 day simple moving average is $2.34 and its 200 day simple moving average is $2.87. The firm has a market capitalization of $620.45 million, a price-to-earnings ratio of -19.08 and a beta of 1.36. Satellogic has a 1 year low of $1.25 and a 1 year high of $5.29.

Satellogic (NASDAQ:SATL) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.02) EPS for the quarter. The business had revenue of $3.63 million for the quarter.

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.