Caitong International Asset Management Co. Ltd Raises Holdings in Satellogic Inc. $SATL

Caitong International Asset Management Co. Ltd grew its stake in Satellogic Inc. (NASDAQ:SATL) by 87,119.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,152 shares of the company’s stock after acquiring an additional 108,028 shares during the period. Satellogic accounts for approximately 0.6% of Caitong International Asset Management Co. Ltd’s holdings, making the stock its 3rd largest position. Caitong International Asset Management Co. Ltd’s holdings in Satellogic were worth $202,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Halter Ferguson Financial Inc. grew its holdings in shares of Satellogic by 116.0% in the 4th quarter. Halter Ferguson Financial Inc. now owns 839,832 shares of the company’s stock valued at $1,570,000 after acquiring an additional 450,957 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Satellogic during the fourth quarter worth approximately $41,000. Wells Fargo & Company MN lifted its position in Satellogic by 107.2% during the fourth quarter. Wells Fargo & Company MN now owns 92,385 shares of the company’s stock worth $173,000 after acquiring an additional 47,805 shares during the last quarter. Creative Planning acquired a new stake in shares of Satellogic in the third quarter valued at approximately $161,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Satellogic in the second quarter valued at approximately $137,000. Institutional investors own 17.58% of the company’s stock.

Satellogic Price Performance

SATL stock opened at $6.66 on Friday. The company’s 50-day moving average is $7.79 and its 200-day moving average is $4.76. Satellogic Inc. has a 1 year low of $1.25 and a 1 year high of $12.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 2.41. The stock has a market capitalization of $987.28 million, a PE ratio of -8.88 and a beta of 1.19.

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

Insider Buying and Selling

In related news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were 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 $97,700,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Alan Kharsansky sold 87,091 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $8.35, for a total transaction of $727,209.85. Following the completion of the sale, the chief technology officer owned 47,785 shares in the company, valued at $399,004.75. This represents a 64.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,587,091 shares of company stock worth $100,932,210 in the last quarter. Insiders own 38.84% of the company’s stock.

Analyst Upgrades and Downgrades

SATL has been the subject of several recent research reports. Freedom Capital cut Satellogic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Cantor Fitzgerald boosted their price objective on shares of Satellogic from $7.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Loop Capital set a $4.50 price objective on shares of Satellogic in a research report on Wednesday, March 11th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Satellogic in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Satellogic currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.10.

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.