Christiana L. Lin Sells 5,550 Shares of BlackSky Technology Inc. (NYSE:BKSY) Stock

BlackSky Technology Inc. (NYSE:BKSY) CAO Christiana L. Lin sold 5,550 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $59,107.50. Following the sale, the chief accounting officer now directly owns 354,143 shares in the company, valued at approximately $3,771,622.95. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

BlackSky Technology Trading Down 0.2 %

BKSY opened at $10.52 on Friday. The firm has a market cap of $323.80 million, a P/E ratio of -4.65 and a beta of 1.15. BlackSky Technology Inc. has a 12 month low of $3.86 and a 12 month high of $14.16. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average of $8.34 and a 200 day moving average of $8.05.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.05). The company had revenue of $22.55 million during the quarter, compared to analysts’ expectations of $26.93 million. BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. During the same quarter in the prior year, the business posted ($0.96) EPS. As a group, research analysts forecast that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Wall Street Analysts Forecast Growth

BKSY has been the topic of several research reports. Lake Street Capital lifted their target price on BlackSky Technology from $4.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, September 30th. HC Wainwright reduced their target price on BlackSky Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Oppenheimer initiated coverage on BlackSky Technology in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, Craig Hallum raised BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Friday, October 4th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $17.60.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BKSY. Vanguard Group Inc. boosted its position in shares of BlackSky Technology by 17.8% during the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after buying an additional 800,287 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in shares of BlackSky Technology during the third quarter valued at approximately $3,674,000. Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology in the second quarter valued at approximately $295,000. Perkins Capital Management Inc. purchased a new stake in shares of BlackSky Technology in the third quarter valued at approximately $1,114,000. Finally, LA Financiere DE L Echiquier boosted its holdings 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 purchasing an additional 112,000 shares during the period. Hedge funds and other institutional investors own 27.15% of the company’s stock.

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.