Insider Selling: BlackSky Technology Inc. (NYSE:BKSY) CAO Sells 5,550 Shares of Stock

BlackSky Technology Inc. (NYSE:BKSY) CAO Christiana L. Lin sold 5,550 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value of $59,107.50. Following the transaction, the chief accounting officer now directly owns 354,143 shares in the company, valued at approximately $3,771,622.95. This represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BlackSky Technology Trading Down 5.1 %

Shares of NYSE:BKSY opened at $10.54 on Friday. The business’s 50 day simple moving average is $8.24 and its 200-day simple moving average is $8.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. BlackSky Technology Inc. has a 12 month low of $3.86 and a 12 month high of $14.16.

BlackSky Technology (NYSE:BKSY) last announced its earnings results on Thursday, November 7th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.05). The company had revenue of $22.55 million for the quarter, compared to analyst estimates of $26.93 million. BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. During the same quarter last year, the company posted ($0.96) EPS. Equities analysts anticipate that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BKSY shares. HC Wainwright lowered their price objective on BlackSky Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Oppenheimer initiated coverage on BlackSky Technology in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price objective on the stock. Craig Hallum raised BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Friday, October 4th. Finally, Lake Street Capital boosted their price target on BlackSky Technology from $4.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, BlackSky Technology currently has an average rating of “Buy” and a consensus price target of $17.60.

Institutional Investors Weigh In On BlackSky Technology

A number of large investors have recently bought and sold shares of BKSY. Squarepoint Ops LLC acquired a new stake in BlackSky Technology during the 2nd quarter valued at $295,000. LA Financiere DE L Echiquier grew its holdings in BlackSky Technology by 13.6% during the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after buying an additional 112,000 shares during the last quarter. Perkins Capital Management Inc. acquired a new stake in BlackSky Technology during the 3rd quarter valued at $1,114,000. Thompson Siegel & Walmsley LLC acquired a new stake in BlackSky Technology during the 3rd quarter valued at $3,674,000. Finally, Vanguard Group Inc. grew its holdings in BlackSky Technology by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after buying an additional 800,287 shares during the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

About BlackSky Technology

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.