BlackSky Technology (NYSE:BKSY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BlackSky Technology (NYSE:BKSY) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

A number of other research analysts have also recently weighed in on BKSY. Clear Str upgraded BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.33.

BlackSky Technology Trading Up 11.4%

BlackSky Technology stock opened at $23.77 on Friday. The stock has a 50-day moving average price of $20.39 and a 200 day moving average price of $26.96. BlackSky Technology has a 52 week low of $12.41 and a 52 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 issued its quarterly earnings results on Thursday, November 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.33. The company had revenue of $42.84 million during the quarter, compared to the consensus estimate of $39.64 million. BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. On average, analysts expect that BlackSky Technology will post -1.09 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Brian E. O’toole sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $16.86, for a total transaction of $337,200.00. Following the sale, the chief executive officer directly owned 1,023,396 shares in the company, valued at approximately $17,254,456.56. This represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christiana L. Lin sold 6,000 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $16.86, for a total value of $101,160.00. Following the completion of the sale, the chief accounting officer directly owned 415,680 shares in the company, valued at $7,008,364.80. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 168,557 shares of company stock worth $3,497,029. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BKSY. Sterling Capital Management LLC raised its stake in shares of BlackSky Technology by 935.6% in the 3rd quarter. Sterling Capital Management LLC now owns 1,222 shares of the company’s stock worth $26,000 after buying an additional 1,104 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of BlackSky Technology in the first quarter valued at $48,000. State of Alaska Department of Revenue bought a new position in BlackSky Technology during the third quarter valued at about $41,000. Integrated Wealth Concepts LLC bought a new position in BlackSky Technology during the second quarter valued at about $216,000. Finally, Arizona State Retirement System bought a new position in BlackSky Technology during the second quarter valued at about $236,000. 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.