BlackSky Technology (NYSE:BKSY) CFO Henry Edward Dubois Sells 4,000 Shares of Stock

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Dubois sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $16.85, for a total value of $67,400.00. Following the transaction, the chief financial officer directly owned 474,931 shares of the company’s stock, valued at approximately $8,002,587.35. The trade was a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Henry Edward Dubois also recently made the following trade(s):

• On Monday, September 21st, Henry Dubois sold 4,000 shares of BlackSky Technology stock. The stock was sold at an average price of $22.97, for a total transaction of $91,880.00.
• On Friday, September 11th, Henry Dubois sold 15,225 shares of BlackSky Technology stock. The shares were sold at an average price of $20.95, for a total transaction of $318,963.75.
• On Friday, August 28th, Henry Dubois sold 4,000 shares of BlackSky Technology stock. The shares were sold at an average price of $23.78, for a total transaction of $95,120.00.

BlackSky Technology Price Performance

BlackSky Technology stock traded down $0.72 during mid-day trading on Thursday, reaching $16.63. The company had a trading volume of 700,758 shares, compared to its average volume of 1,581,175. The business has a fifty day simple moving average of $22.52 and a 200 day simple moving average of $29.02. The company has a market cap of $680.50 million, a P/E ratio of -9.14 and a beta of 2.70. BlackSky Technology Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $52.88. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $30.72 million. On average, equities research analysts predict that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BKSY. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research note on Thursday, October 15th. Clear Str raised BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BlackSky Technology currently has a consensus rating of “Moderate Buy” and an average price target of $39.33.

Institutional Trading of BlackSky Technology

Institutional investors have recently modified their holdings of the business. Sei Investments Co. increased its holdings in BlackSky Technology by 125.5% in the first quarter. Sei Investments Co. now owns 65,650 shares of the company’s stock valued at $1,652,000 after purchasing an additional 36,541 shares during the period. Jasper Ridge Partners L.P. acquired a new position in BlackSky Technology during the 2nd quarter worth about $2,087,000. Tema ETFs LLC grew its position in shares of BlackSky Technology by 110,505.8% in the 2nd quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock valued at $40,393,000 after buying an additional 1,445,416 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of BlackSky Technology in the second quarter valued at about $39,289,000. Finally, Bank of America Corp DE increased its stake in shares of BlackSky Technology by 156.1% in the first quarter. Bank of America Corp DE now owns 412,891 shares of the company’s stock valued at $10,388,000 after buying an additional 251,638 shares during the period. Institutional investors own 27.15% of the company’s stock.

BlackSky Technology Company Profile

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.

BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.