Insider Selling: BlackSky Technology (NYSE:BKSY) CFO Sells $95,120.00 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Edward Dubois sold 4,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $23.78, for a total value of $95,120.00. Following the completion of the transaction, the chief financial officer directly owned 498,156 shares in the company, valued at approximately $11,846,149.68. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Performance

NYSE BKSY traded down $0.63 on Monday, hitting $23.07. 776,314 shares of the company traded hands, compared to its average volume of 1,718,493. The company has a market capitalization of $944.02 million, a price-to-earnings ratio of -12.68 and a beta of 2.61. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average price is $25.84 and its 200-day moving average price is $29.68. BlackSky Technology Inc. has a 52-week low of $12.41 and a 52-week high of $52.88.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%.The company had revenue of $33.32 million during the quarter, compared to analysts’ expectations of $30.72 million. Equities analysts expect that BlackSky Technology Inc. will post -1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

BKSY has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Wall Street Zen upgraded shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research note on Friday, July 17th. Finally, Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Hedge Funds Weigh In On BlackSky Technology

A number of hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of BlackSky Technology during the fourth quarter worth about $26,000. Strive Financial Group LLC purchased a new position in BlackSky Technology in the 4th quarter worth approximately $26,000. Global Retirement Partners LLC bought a new position in BlackSky Technology in the 4th quarter worth approximately $28,000. Wexford Capital LP purchased a new stake in BlackSky Technology during the 3rd quarter valued at approximately $30,000. Finally, IFP Advisors Inc grew its holdings in BlackSky Technology by 57.9% during the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after buying an additional 826 shares in the last quarter. Institutional investors own 27.15% of the company’s stock.

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.