Insider Selling: BlackSky Technology (NYSE:BKSY) CFO Sells $91,880.00 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Dubois sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $22.97, for a total value of $91,880.00. Following the sale, the chief financial officer directly owned 478,931 shares of the company’s stock, valued at $11,001,045.07. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Henry Edward Dubois also recently made the following trade(s):

• On Friday, September 11th, Henry Dubois sold 15,225 shares of BlackSky Technology stock. The stock was sold at an average price of $20.95, for a total value of $318,963.75.
• On Friday, August 28th, Henry Dubois sold 4,000 shares of BlackSky Technology stock. The shares were sold at an average price of $23.78, for a total value of $95,120.00.

BlackSky Technology Stock Up 0.1%

Shares of NYSE:BKSY traded up $0.03 during mid-day trading on Tuesday, hitting $23.20. 743,443 shares of the company traded hands, compared to its average volume of 1,660,652. The stock has a 50-day moving average price of $24.21 and a two-hundred day moving average price of $29.75. BlackSky Technology Inc. has a 12-month low of $12.41 and a 12-month high of $52.88. The stock has a market cap of $949.26 million, a P/E ratio of -12.75 and a beta of 2.61. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94.

BlackSky Technology (NYSE:BKSY) last issued 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). The company had revenue of $33.32 million for the quarter, compared to the consensus estimate of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. On average, equities research 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 research firms recently weighed in on BKSY. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. Wall Street Zen raised shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Clear Str upgraded shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.33.

Institutional Investors Weigh In On BlackSky Technology

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new position in shares of BlackSky Technology in the 1st quarter worth about $48,000. Griffin Asset Management Inc. grew its position in BlackSky Technology by 5.8% during the first 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 period. Cetera Investment Advisers increased its holdings in BlackSky Technology by 27.0% during the first quarter. Cetera Investment Advisers now owns 15,252 shares of the company’s stock worth $384,000 after buying an additional 3,244 shares during the last quarter. Legato Capital Management LLC increased its holdings in BlackSky Technology by 9.7% during the fourth quarter. Legato Capital Management LLC now owns 43,184 shares of the company’s stock worth $810,000 after buying an additional 3,814 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in BlackSky Technology in the fourth quarter worth about $95,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

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.