Insider Selling: BlackSky Technology (NYSE:BKSY) CAO Sells $138,600.00 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CAO Christiana Lin sold 6,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $23.10, for a total transaction of $138,600.00. Following the completion of the transaction, the chief accounting officer directly owned 421,680 shares in the company, valued at $9,740,808. This trade represents a 1.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Up 4.1%

Shares of NYSE:BKSY opened at $23.17 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72. The stock has a market cap of $948.03 million, a price-to-earnings ratio of -12.73 and a beta of 2.61. The company has a 50 day moving average of $24.16 and a 200-day moving average of $29.72. BlackSky Technology Inc. has a one year low of $12.41 and a one year high of $52.88.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share 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 during the quarter, compared to analyst estimates of $30.72 million. On average, sell-side analysts forecast that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BKSY shares. Jefferies Financial Group upgraded BlackSky Technology to a “hold” rating in a report on Wednesday, June 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Wall Street Zen raised shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BlackSky Technology presently has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Hedge Funds Weigh In On BlackSky Technology

Several institutional investors and hedge funds have recently modified their holdings of BKSY. Fifth Third Bancorp bought a new position in shares of BlackSky Technology during the first quarter worth about $48,000. Griffin Asset Management Inc. raised its position in BlackSky Technology by 5.8% in the 1st quarter. Griffin Asset Management Inc. now owns 57,375 shares of the company’s stock valued at $1,444,000 after buying an additional 3,125 shares during the last quarter. Cetera Investment Advisers lifted its stake in BlackSky Technology by 27.0% in the 1st quarter. Cetera Investment Advisers now owns 15,252 shares of the company’s stock valued at $384,000 after acquiring an additional 3,244 shares in the last quarter. Legato Capital Management LLC boosted its position in BlackSky Technology by 9.7% during the 4th quarter. Legato Capital Management LLC now owns 43,184 shares of the company’s stock worth $810,000 after acquiring an additional 3,814 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in BlackSky Technology during the 4th quarter worth approximately $95,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

BlackSky Technology Company Profile

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky’s offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.