Insider Selling: BlackSky Technology Inc. (NYSE:BKSY) CEO Sells 7,020 Shares of Stock

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian E. O’toole sold 7,020 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $74,763.00. Following the transaction, the chief executive officer now owns 691,909 shares of the company’s stock, valued at approximately $7,368,830.85. This represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

BlackSky Technology Trading Down 5.1 %

Shares of BlackSky Technology stock opened at $10.54 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The firm has a 50 day simple moving average of $8.24 and a 200 day simple moving average of $8.04. BlackSky Technology Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $14.16.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.05). The company had revenue of $22.55 million during the quarter, compared to analyst estimates of $26.93 million. BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. During the same period in the prior year, the business earned ($0.96) EPS. On average, analysts anticipate that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Institutional Trading of BlackSky Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LA Financiere DE L Echiquier increased its holdings in shares of BlackSky Technology by 13.6% in the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after purchasing an additional 112,000 shares in the last quarter. Perkins Capital Management Inc. acquired a new stake in shares of BlackSky Technology in the third quarter valued at approximately $1,114,000. Squarepoint Ops LLC acquired a new stake in shares of BlackSky Technology in the second quarter valued at approximately $295,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of BlackSky Technology in the third quarter valued at approximately $3,674,000. Finally, Vanguard Group Inc. increased its holdings in shares of BlackSky Technology by 17.8% in the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after purchasing an additional 800,287 shares in the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. HC Wainwright cut their target price on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Craig Hallum upgraded shares of BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, October 4th. Oppenheimer assumed coverage on shares of BlackSky Technology in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 target price for the company. Finally, Lake Street Capital lifted their target price on shares of BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BlackSky Technology has an average rating of “Buy” and a consensus price target of $17.60.

BlackSky Technology Company Profile

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.