Insider Selling: BlackSky Technology (NYSE:BKSY) CAO Sells $138,600.00 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CAO Christiana Lin sold 6,000 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $23.10, for a total transaction of $138,600.00. Following the transaction, the chief accounting officer owned 421,680 shares in the company, valued at $9,740,808. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Trading Up 0.1%

Shares of BlackSky Technology stock traded up $0.03 during trading on Tuesday, hitting $23.20. The stock had a trading volume of 743,443 shares, compared to its average volume of 1,660,652. BlackSky Technology Inc. has a 12 month low of $12.41 and a 12 month high of $52.88. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72. The firm’s fifty day simple moving average is $24.21 and its 200-day simple moving average is $29.75. The stock has a market cap of $949.26 million, a PE ratio of -12.75 and a beta of 2.61.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). The firm had revenue of $33.32 million during the quarter, compared to analysts’ expectations of $30.72 million. BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. As a group, sell-side analysts expect that BlackSky Technology Inc. will post -1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On BlackSky Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. grew its position in shares of BlackSky Technology by 125.5% during the 1st quarter. Sei Investments Co. now owns 65,650 shares of the company’s stock worth $1,652,000 after buying an additional 36,541 shares in the last quarter. Jasper Ridge Partners L.P. bought a new stake in shares of BlackSky Technology in the second quarter valued at about $2,087,000. Tema ETFs LLC lifted its stake in BlackSky Technology by 110,505.8% in the second quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock worth $40,393,000 after acquiring an additional 1,445,416 shares during the period. Bank of America Corp DE lifted its stake in BlackSky Technology by 156.1% in the first quarter. Bank of America Corp DE now owns 412,891 shares of the company’s stock worth $10,388,000 after acquiring an additional 251,638 shares during the period. Finally, Kingsview Wealth Management LLC bought a new position in BlackSky Technology during the 4th quarter worth about $735,000. 27.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About BlackSky Technology

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky’s offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.