BlackSky Technology Inc. (NYSE:BKSY) SVP Sells $20,309.55 in Stock

BlackSky Technology Inc. (NYSE:BKSY) SVP Tracy Ward sold 1,907 shares of BlackSky Technology stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $20,309.55. Following the transaction, the senior vice president now owns 31,886 shares of the company’s stock, valued at $339,585.90. The trade was a 5.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

BlackSky Technology Trading Down 5.1 %

Shares of NYSE BKSY opened at $10.54 on Friday. 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 firm has a fifty day moving average of $8.24 and a 200 day moving average of $8.04. BlackSky Technology Inc. has a one year low of $3.86 and a one year high of $14.16.

BlackSky Technology (NYSE:BKSY) last released 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 analysts’ expectations of $26.93 million. BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. During the same period in the prior year, the firm earned ($0.96) EPS. As a group, analysts forecast that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On BlackSky Technology

Several hedge funds and other institutional investors have recently made changes to their positions in BKSY. Vanguard Group Inc. increased its position in shares of BlackSky Technology by 17.8% during the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after purchasing an additional 800,287 shares in the last quarter. LA Financiere DE L Echiquier boosted its stake 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 worth $998,000 after purchasing an additional 112,000 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in BlackSky Technology during the 3rd quarter worth $3,674,000. Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology during the second quarter worth $295,000. Finally, Perkins Capital Management Inc. acquired a new stake in shares of BlackSky Technology in the third quarter valued at about $1,114,000. Hedge funds and other institutional investors 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.