Satellogic (NASDAQ:SATL) Now Covered by Analysts at Northland Securities

Northland Securities assumed coverage on shares of Satellogic (NASDAQ:SATL) in a report issued on Wednesday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $5.50 target price on the stock.

Other analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Satellogic in a research report on Thursday, January 22nd. Craig Hallum began coverage on shares of Satellogic in a report on Wednesday, January 21st. They issued a “buy” rating and a $5.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.25.

Satellogic Stock Up 9.1%

Shares of Satellogic stock opened at $3.13 on Wednesday. The stock has a market cap of $424.02 million, a P/E ratio of -13.04 and a beta of 1.39. Satellogic has a 12-month low of $1.25 and a 12-month high of $5.93. The business’s 50 day moving average is $3.08 and its 200-day moving average is $2.91.

Insider Buying and Selling at Satellogic

In other news, major shareholder Fitzgerald L. P. Cantor sold 388,827 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $5.63, for a total transaction of $2,189,096.01. Following the completion of the sale, the insider owned 12,862,075 shares in the company, valued at approximately $72,413,482.25. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 524,373 shares of company stock valued at $2,942,676 over the last 90 days. 51.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in shares of Satellogic during the second quarter worth approximately $25,000. Abel Hall LLC acquired a new stake in Satellogic during the 4th quarter worth approximately $25,000. StoneX Group Inc. bought a new stake in Satellogic in the 4th quarter valued at $25,000. Neuberger Berman Group LLC acquired a new position in Satellogic in the 4th quarter valued at $25,000. Finally, Farther Finance Advisors LLC acquired a new position in Satellogic in the 3rd quarter valued at $26,000. 17.58% of the stock is owned by institutional investors.

About Satellogic

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.