BlackSky Technology (NYSE:BKSY) Stock: Insider Christiana Lin Sells 6,000 Shares

BlackSky Technology Inc. (NYSE:BKSY) CAO Christiana Lin sold 6,000 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $16.86, for a total value of $101,160.00. Following the sale, the chief accounting officer owned 415,680 shares of the company’s stock, valued at $7,008,364.80. This represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Price Performance

NYSE BKSY opened at $17.58 on Friday. The stock’s 50 day moving average is $21.96 and its 200 day moving average is $28.84. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72. BlackSky Technology Inc. has a 12 month low of $12.41 and a 12 month 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 for the quarter, missing the consensus estimate of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. The business had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. On average, research analysts expect that BlackSky Technology Inc. will post -1.09 EPS for the current fiscal year.

Institutional Trading of BlackSky Technology

Large investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its stake in BlackSky Technology by 935.6% in the 3rd quarter. Sterling Capital Management LLC now owns 1,222 shares of the company’s stock worth $26,000 after acquiring an additional 1,104 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of BlackSky Technology during the 1st quarter valued at approximately $48,000. State of Alaska Department of Revenue bought a new position in shares of BlackSky Technology during the 3rd quarter valued at approximately $41,000. Vontobel Holding Ltd. boosted its position in shares of BlackSky Technology by 20.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,939 shares of the company’s stock valued at $254,000 after acquiring an additional 1,992 shares during the last quarter. Finally, Griffin Asset Management Inc. grew its holdings in shares of BlackSky Technology by 5.8% in the first quarter. Griffin Asset Management Inc. now owns 57,375 shares of the company’s stock valued at $1,444,000 after purchasing an additional 3,125 shares in the last quarter. Institutional investors own 27.15% of the company’s stock.

More BlackSky Technology News

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: BlackSky won an expanded, seven-figure Gen-3 Assured contract with an international defense partner. The agreement supports demand for BlackSky’s satellite imagery and analytics and could improve visibility into future revenue, although the customer and exact contract value were not disclosed. BlackSky Wins Expanded Seven-Figure Gen-3 Assured Contract with International Defense Partner
• Neutral Sentiment: Analyst commentary comparing BlackSky with Planet Labs highlights growing demand for satellite imagery and AI-driven analytics. The comparison reportedly favors Planet Labs on financial strength and growth prospects, limiting the bullish read-through for BKSY. Planet Labs vs. BlackSky: Which Space Stock Is the Better Pick?
• Negative Sentiment: BlackSky insiders sold a combined 30,000 shares worth approximately $505,760: CEO Brian O’Toole sold 20,000 shares, CFO Henry Dubois sold 4,000, and Chief Accounting Officer Christiana Lin sold 6,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial stake, which reduces—but does not eliminate—the negative signal. BlackSky Technology Insider Sold Shares Worth $337,200, According to a Recent SEC Filing
• Negative Sentiment: BlackSky’s latest reported quarter showed a $0.54 loss per share, wider than the expected $0.38 loss. Although revenue exceeded forecasts, the company remains unprofitable, with a negative net margin and analysts expecting a full-year loss.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.33.

BlackSky Technology Company Profile

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.

BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.