Satellogic (NASDAQ:SATL) Trading 9.4% Higher

Shares of Satellogic Inc. (NASDAQ:SATL) traded up 9.4% during mid-day trading on Wednesday . The company traded as high as $1.83 and last traded at $1.40. 429,779 shares were traded during mid-day trading, an increase of 786% from the average session volume of 48,534 shares. The stock had previously closed at $1.28.

Satellogic Stock Up 9.4 %

The stock has a 50 day simple moving average of $1.56 and a 200-day simple moving average of $1.43.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Satellogic stock. Cantor Fitzgerald L. P. grew its position in shares of Satellogic Inc. (NASDAQ:SATL) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,458,937 shares of the company’s stock after purchasing an additional 2,078,064 shares during the period. Satellogic makes up approximately 5.6% of Cantor Fitzgerald L. P.’s investment portfolio, making the stock its 6th biggest position. Cantor Fitzgerald L. P. owned 17.33% of Satellogic worth $27,053,000 at the end of the most recent reporting period. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

Satellogic Company Profile

Satellogic Inc operates as an integrated geospatial 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.