Satellogic Inc.'s (NASDAQ:SATL) market cap surged US$12m last week, private companies who have a lot riding on the company were rewarded

Satellogic Inc.'s (NASDAQ:SATL) market cap surged US$12m last week, private companies who have a lot riding on the company were rewarded

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Key Insights

  • Satellogic's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public

  • The top 3 shareholders own 51% of the company

  • Insiders own 17% of Satellogic

A look at the shareholders of Satellogic Inc. (NASDAQ:SATL) can tell us which group is most powerful. The group holding the most number of shares in the company, around 34% to be precise, is private companies. Put another way, the group faces the maximum upside potential (or downside risk).

As a result, private companies were the biggest beneficiaries of last week’s 13% gain.

In the chart below, we zoom in on the different ownership groups of Satellogic.

See our latest analysis for Satellogic

ownership-breakdown
NasdaqCM:SATL Ownership Breakdown November 29th 2023

What Does The Institutional Ownership Tell Us About Satellogic?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

Since institutions own only a small portion of Satellogic, many may not have spent much time considering the stock. But it's clear that some have; and they liked it enough to buy in. If the business gets stronger from here, we could see a situation where more institutions are keen to buy. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time. So check out the historic earnings trajectory, below, but keep in mind it's the future that counts most.

earnings-and-revenue-growth
NasdaqCM:SATL Earnings and Revenue Growth November 29th 2023

Hedge funds don't have many shares in Satellogic. Looking at our data, we can see that the largest shareholder is Liberty 77 Capital L.P. with 22% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 15% and 15%, of the shares outstanding, respectively. Emiliano Kargieman, who is the second-largest shareholder, also happens to hold the title of Chief Executive Officer.

After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.

Insider Ownership Of Satellogic

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.