BlackSky Technology (NYSE:BKSY) CEO Brian O’toole Sells 20,000 Shares of Stock

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian O’toole sold 20,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $21.83, for a total transaction of $436,600.00. Following the transaction, the chief executive officer directly owned 1,119,676 shares in the company, valued at approximately $24,442,527.08. This represents a 1.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Price Performance

Shares of NYSE:BKSY opened at $20.77 on Friday. The company has a quick ratio of 5.72, a current ratio of 5.83 and a debt-to-equity ratio of 0.94. The stock has a market cap of $849.99 million, a PE ratio of -11.41 and a beta of 2.61. The company’s fifty day moving average is $24.83 and its 200 day moving average is $29.68. BlackSky Technology Inc. has a 52 week low of $12.41 and a 52 week high of $52.88.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BKSY. Quarry LP purchased a new position in shares of BlackSky Technology during the fourth quarter valued at about $26,000. Strive Financial Group LLC purchased a new stake in BlackSky Technology in the fourth quarter worth about $26,000. Global Retirement Partners LLC purchased a new stake in BlackSky Technology in the fourth quarter worth about $28,000. Wexford Capital LP bought a new position in shares of BlackSky Technology during the third quarter valued at approximately $30,000. Finally, IFP Advisors Inc increased its stake in shares of BlackSky Technology by 57.9% during the third quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares in the last quarter. 27.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BKSY has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report 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. Wall Street Zen upgraded BlackSky Technology from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Jefferies Financial Group upgraded shares of BlackSky Technology to a “hold” rating in a report on Wednesday, June 10th. One 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.33.

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.