BlackSky Technology Inc. (NYSE:BKSY) CEO Brian E. O’toole Sells 7,020 Shares

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian E. O’toole sold 7,020 shares of BlackSky Technology stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value of $74,763.00. Following the completion of the transaction, the chief executive officer now directly owns 691,909 shares of the company’s stock, valued at approximately $7,368,830.85. This represents a 1.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BlackSky Technology Trading Down 0.3 %

Shares of BlackSky Technology stock opened at $10.51 on Friday. BlackSky Technology Inc. has a 1-year low of $3.86 and a 1-year high of $14.16. The company’s fifty day simple moving average is $8.34 and its 200-day simple moving average is $8.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The stock has a market capitalization of $323.49 million, a PE ratio of -4.65 and a beta of 1.15.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, November 7th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.05). The company had revenue of $22.55 million for the quarter, compared to analysts’ expectations 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 firm posted ($0.96) earnings per share. As a group, equities analysts anticipate that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BKSY. Perkins Capital Management Inc. purchased a new position in BlackSky Technology during the third quarter valued at approximately $1,114,000. Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology in the second quarter worth $295,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of BlackSky Technology during the 3rd quarter valued at $3,674,000. LA Financiere DE L Echiquier lifted its stake in shares of 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 in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in BlackSky Technology by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after buying an additional 800,287 shares during the period. 27.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.