Insider Selling: BlackSky Technology Inc. (NYSE:BKSY) CEO Sells $74,763.00 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian E. O’toole sold 7,020 shares of BlackSky Technology stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $74,763.00. Following the transaction, the chief executive officer now owns 691,909 shares of the company’s stock, valued at $7,368,830.85. This trade represents a 1.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BlackSky Technology Stock Performance

Shares of BKSY opened at $10.51 on Friday. The stock has a 50-day moving average price of $8.34 and a 200-day moving average price of $8.05. The company has a market cap of $323.49 million, a PE ratio of -4.65 and a beta of 1.15. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. BlackSky Technology Inc. has a 12-month low of $3.86 and a 12-month high of $14.16.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.05). The firm had revenue of $22.55 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business earned ($0.96) EPS. As a group, equities analysts forecast that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BKSY. 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 research note on Wednesday, October 16th. Craig Hallum raised BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Friday, October 4th. Lake Street Capital lifted their target price on shares of BlackSky Technology from $4.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Oppenheimer assumed coverage on BlackSky Technology in a research note 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, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $17.60.

Institutional Investors Weigh In On BlackSky Technology

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake 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 valued at $7,197,000 after acquiring an additional 800,287 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in BlackSky Technology in the third quarter worth $3,674,000. Perkins Capital Management Inc. bought a new stake in shares of BlackSky Technology during the 3rd quarter valued at about $1,114,000. Squarepoint Ops LLC bought a new stake in BlackSky Technology during the 2nd quarter valued at approximately $295,000. Finally, LA Financiere DE L Echiquier boosted its position in shares of BlackSky Technology by 13.6% during 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 in the last quarter. 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.