BlackSky Technology (NYSE:BKSY) Stock Price Down 5.7% – Time to Sell?

BlackSky Technology Inc. (NYSE:BKSY) fell 5.7% during trading on Friday . The stock traded as low as $13.25 and last traded at $14.1420. 685,322 shares were traded during trading, a decline of 61% from the average session volume of 1,736,036 shares. The stock had previously closed at $14.99.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BKSY shares. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Wednesday, October 8th. Wall Street Zen lowered shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 9th. Lake Street Capital lifted their target price on shares of BlackSky Technology from $18.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, HC Wainwright increased their price target on shares of BlackSky Technology from $28.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, BlackSky Technology has a consensus rating of “Moderate Buy” and an average price target of $29.00.

BlackSky Technology Stock Up 1.9%

The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.89 and a current ratio of 3.89. The stock has a fifty day moving average price of $21.36 and a 200-day moving average price of $18.12. The firm has a market cap of $549.68 million, a PE ratio of -4.84 and a beta of 2.24.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.02. BlackSky Technology had a negative net margin of 87.11% and a negative return on equity of 54.48%. The company had revenue of $19.62 million during the quarter, compared to the consensus estimate of $28.67 million. BlackSky Technology has set its FY 2025 guidance at EPS. Research analysts expect that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Insider Buying and Selling

In related news, CAO Christiana L. Lin sold 24,036 shares of BlackSky Technology stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total value of $419,428.20. Following the transaction, the chief accounting officer directly owned 402,652 shares in the company, valued at $7,026,277.40. The trade was a 5.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian E. O’toole sold 33,292 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total value of $580,945.40. Following the completion of the transaction, the chief executive officer owned 750,164 shares of the company’s stock, valued at $13,090,361.80. This trade represents a 4.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 89,694 shares of company stock valued at $1,565,160 in the last three months. 3.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of BlackSky Technology during the 3rd quarter worth $56,000. Sender Co & Partners Inc. acquired a new position in shares of BlackSky Technology during the 3rd quarter worth about $261,000. Wasatch Advisors LP bought a new stake in BlackSky Technology during the 3rd quarter valued at approximately $8,278,000. Wexford Capital LP bought a new position in BlackSky Technology during the third quarter worth $30,000. Finally, Verition Fund Management LLC raised its stake in BlackSky Technology by 130.0% during the 3rd quarter. Verition Fund Management LLC now owns 90,687 shares of the company’s stock valued at $1,827,000 after purchasing an additional 51,265 shares during 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.