BlackSky Technology (NYSE:BKSY) Trading 4.6% Higher – Here’s Why

BlackSky Technology Inc. (NYSE:BKSY) traded up 4.6% on Monday . The stock traded as high as $6.42 and last traded at $6.39. 310,771 shares changed hands during trading, an increase of 52% from the average session volume of 203,902 shares. The stock had previously closed at $6.11.

Analyst Upgrades and Downgrades

BKSY has been the topic of a number of analyst reports. 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 report on Monday, September 30th. HC Wainwright lowered their price target on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Craig Hallum raised shares of BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, October 4th. Finally, Oppenheimer started coverage on shares of BlackSky Technology in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, BlackSky Technology presently has an average rating of “Buy” and an average target price of $17.60.

BlackSky Technology Trading Up 4.9 %

The company has a debt-to-equity ratio of 1.41, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a fifty day moving average of $6.95 and a 200 day moving average of $8.29. The company has a market capitalization of $941.18 million, a PE ratio of -17.13 and a beta of 0.97.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.24. The firm had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.14 million. BlackSky Technology had a negative net margin of 26.78% and a negative return on equity of 56.91%. During the same quarter in the previous year, the firm earned ($1.92) earnings per share. As a group, sell-side analysts predict that BlackSky Technology Inc. will post -2.52 earnings per share for the current fiscal year.

Insider Buying and Selling at BlackSky Technology

In related news, CFO Henry Edward Dubois sold 23,590 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $169,612.10. Following the sale, the chief financial officer now directly owns 231,645 shares in the company, valued at approximately $1,665,527.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Henry Edward Dubois sold 23,590 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $169,612.10. Following the sale, the chief financial officer now owns 231,645 shares in the company, valued at approximately $1,665,527.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian E. O’toole sold 24,352 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $175,090.88. Following the transaction, the chief executive officer now owns 479,785 shares of the company’s stock, valued at $3,449,654.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,362 shares of company stock valued at $446,535 in the last 90 days. Insiders own 3.16% of the company’s stock.

Institutional Investors Weigh In On BlackSky Technology

Several institutional investors have recently modified their holdings of BKSY. Virtu Financial LLC increased its position in shares of BlackSky Technology by 134.5% during the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after purchasing an additional 83,462 shares during the last quarter. Squarepoint Ops LLC purchased a new position in BlackSky Technology during the second quarter worth $295,000. GSA Capital Partners LLP increased its position in BlackSky Technology by 123.8% during the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after acquiring an additional 174,773 shares during the last quarter. LA Financiere DE L Echiquier raised its stake in shares of BlackSky Technology by 13.6% in the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after acquiring an additional 112,000 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of BlackSky Technology by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after acquiring an additional 800,287 shares during the last quarter. 27.15% of the stock is owned by institutional investors.

BlackSky Technology Company Profile

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.