BlackSky Technology Inc. (NYSE:BKSY) SVP Tracy Ward Sells 1,907 Shares

BlackSky Technology Inc. (NYSE:BKSY) SVP Tracy Ward sold 1,907 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value of $20,309.55. Following the transaction, the senior vice president now owns 31,886 shares in the company, valued at $339,585.90. The trade was a 5.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BlackSky Technology Stock Down 5.1 %

Shares of BKSY stock opened at $10.54 on Friday. The stock’s fifty day moving average price is $8.24 and its 200 day moving average price is $8.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. BlackSky Technology Inc. has a 1-year low of $3.86 and a 1-year high of $14.16.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.05). The company had revenue of $22.55 million for the quarter, compared to analyst estimates of $26.93 million. BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. During the same quarter last year, the company earned ($0.96) EPS. Sell-side analysts anticipate that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

Institutional Investors Weigh In On BlackSky Technology

Large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new position in BlackSky Technology in the 2nd quarter worth $295,000. 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 worth $998,000 after purchasing an additional 112,000 shares during the last quarter. Perkins Capital Management Inc. acquired a new stake in shares of BlackSky Technology during the third quarter worth about $1,114,000. Thompson Siegel & Walmsley LLC purchased a new stake in BlackSky Technology in the third quarter valued at approximately $3,674,000. Finally, Vanguard Group Inc. increased its holdings in 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 buying an additional 800,287 shares during the period. 27.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BKSY. Lake Street Capital raised their price target on BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Oppenheimer assumed coverage on shares of BlackSky Technology in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 target price on the stock. Craig Hallum upgraded 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, HC Wainwright reduced their target price on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $17.60.

About BlackSky Technology

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.