Insider Selling: BlackSky Technology Inc. (NYSE:BKSY) CAO Sells $59,107.50 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CAO Christiana L. Lin sold 5,550 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $59,107.50. Following the completion of the transaction, the chief accounting officer now owns 354,143 shares in the company, valued at approximately $3,771,622.95. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

BlackSky Technology Price Performance

Shares of BlackSky Technology stock traded down $0.57 during trading hours on Thursday, reaching $10.54. The stock had a trading volume of 538,119 shares, compared to its average volume of 337,323. The stock’s 50 day moving average is $8.13 and its 200 day moving average is $8.03. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. BlackSky Technology Inc. has a twelve month low of $3.86 and a twelve month high of $14.16. The firm has a market capitalization of $324.41 million, a PE ratio of -4.66 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On BlackSky Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKSY. LA Financiere DE L Echiquier raised its position in shares of BlackSky Technology by 13.6% during the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after purchasing an additional 112,000 shares during the last quarter. Perkins Capital Management Inc. acquired a new position in shares of BlackSky Technology during the third quarter valued at approximately $1,114,000. Squarepoint Ops LLC purchased a new position 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 worth approximately $3,674,000. Finally, Vanguard Group Inc. increased its position in shares of BlackSky Technology by 17.8% during the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after purchasing an additional 800,287 shares in the last quarter. 27.15% of the stock is owned by hedge funds and other institutional investors.

About BlackSky Technology

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.