Satellogic (NASDAQ:SATL) Shares Up 2.8%

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

Satellogic Stock Up 2.8 %

The company’s fifty day moving average is $1.63 and its 200 day moving average is $1.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SATL. UBS Group AG purchased a new stake in Satellogic in the 1st quarter worth approximately $68,000. Renaissance Technologies LLC purchased a new stake in Satellogic in the 1st quarter worth approximately $48,000. Raymond James & Associates purchased a new stake in Satellogic in the 3rd quarter worth approximately $29,000. Millennium Management LLC purchased a new stake in Satellogic in the 2nd quarter worth approximately $355,000. Finally, Altshuler Shaham Ltd purchased a new stake in Satellogic in the 4th quarter worth approximately $43,000. 17.58% of the stock is owned by institutional investors.

Satellogic Company Profile

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.