BlackSky Technology (NYSE:BKSY) CEO Brian O’toole Sells 20,000 Shares of Company Stock

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian O’toole sold 20,000 shares of the firm’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $16.86, for a total value of $337,200.00. Following the completion of the transaction, the chief executive officer owned 1,023,396 shares of the company’s stock, valued at approximately $17,254,456.56. This represents a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Performance

NYSE:BKSY opened at $16.63 on Friday. BlackSky Technology Inc. has a 52-week low of $12.41 and a 52-week high of $52.88. The stock has a fifty day simple moving average of $22.23 and a 200-day simple moving average of $28.92. The company has a quick ratio of 5.72, a current ratio of 5.83 and a debt-to-equity ratio of 0.94.

BlackSky Technology (NYSE:BKSY) last posted its 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). The business had revenue of $33.32 million for the quarter, compared to analysts’ expectations of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. Equities research analysts predict that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.

Analyst Ratings Changes

BKSY has been the topic of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Thursday, October 15th. Wall Street Zen upgraded BlackSky Technology from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Clear Str raised BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.33.

Institutional Trading of BlackSky Technology

A number of large investors have recently made changes to their positions in BKSY. Tema ETFs LLC increased its position in BlackSky Technology by 110,505.8% during the 2nd quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock worth $40,393,000 after purchasing an additional 1,445,416 shares in the last quarter. Tidal Investments LLC acquired a new position in BlackSky Technology in the 2nd quarter valued at about $39,289,000. AWM Investment Company Inc. acquired a new position in BlackSky Technology in the 2nd quarter valued at about $33,504,000. Bank of America Corp DE lifted its holdings in BlackSky Technology by 156.1% in the 1st quarter. Bank of America Corp DE now owns 412,891 shares of the company’s stock valued at $10,388,000 after purchasing an additional 251,638 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in BlackSky Technology by 88.2% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 170,618 shares of the company’s stock valued at $4,293,000 after purchasing an additional 79,970 shares in the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

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.