BlackSky Technology (NYSE:BKSY) CFO Henry Edward Dubois Sells 4,000 Shares of Stock

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Edward Dubois sold 4,000 shares of BlackSky Technology stock in a transaction on Friday, August 28th. The stock was sold at an average price of $23.78, for a total value of $95,120.00. Following the completion of the sale, the chief financial officer directly owned 498,156 shares of the company’s stock, valued at approximately $11,846,149.68. The trade was a 0.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Down 2.7%

Shares of BKSY stock traded down $0.63 during mid-day trading on Monday, hitting $23.07. The company’s stock had a trading volume of 776,314 shares, compared to its average volume of 1,718,493. The stock has a market cap of $944.02 million, a price-to-earnings ratio of -12.68 and a beta of 2.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 5.72 and a current ratio of 5.83. BlackSky Technology Inc. has a 52-week low of $12.41 and a 52-week high of $52.88. The business has a 50-day moving average price of $25.84 and a 200 day moving average price of $29.68.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) EPS 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 for the quarter, compared to analysts’ expectations of $30.72 million. Research analysts predict that BlackSky Technology Inc. will post -1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On BlackSky Technology

A number of large investors have recently made changes to their positions in the company. Quarry LP bought a new position in shares of BlackSky Technology in the 4th quarter worth approximately $26,000. Strive Financial Group LLC bought a new stake in BlackSky Technology during the fourth quarter valued at approximately $26,000. Wexford Capital LP purchased a new stake in BlackSky Technology during the third quarter valued at approximately $30,000. Global Retirement Partners LLC purchased a new stake in BlackSky Technology during the fourth quarter valued at approximately $28,000. Finally, Fifth Third Bancorp bought a new position in BlackSky Technology in the first quarter worth approximately $48,000. 27.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Clear Str upgraded shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a 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. Finally, Jefferies Financial Group upgraded shares of BlackSky Technology to a “hold” rating in a research note 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 given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.