Insider Selling: BlackSky Technology Inc. (NYSE:BKSY) SVP Sells 1,907 Shares of Stock

BlackSky Technology Inc. (NYSE:BKSY) SVP Tracy Ward sold 1,907 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $20,309.55. Following the sale, the senior vice president now directly owns 31,886 shares of the company’s stock, valued at approximately $339,585.90. This trade represents a 5.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BlackSky Technology Price Performance

Shares of BlackSky Technology stock traded down $0.57 during trading hours on Thursday, reaching $10.54. The company’s stock had a trading volume of 538,119 shares, compared to its average volume of 337,323. 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 one year low of $3.86 and a one year high of $14.16. The firm has a 50 day moving average price of $8.13 and a 200-day moving average price of $8.03. The stock has a market cap of $324.41 million, a P/E ratio of -4.66 and a beta of 1.15.

BlackSky Technology (NYSE:BKSY) last announced 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). BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. The firm had revenue of $22.55 million during the quarter, compared to analysts’ expectations of $26.93 million. During the same period in the prior year, the company posted ($0.96) EPS. On average, analysts predict that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. LA Financiere DE L Echiquier grew its position 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 worth $998,000 after buying an additional 112,000 shares in the last quarter. Perkins Capital Management Inc. purchased a new stake in BlackSky Technology in the third quarter worth about $1,114,000. Squarepoint Ops LLC bought a new position in BlackSky Technology during the 2nd quarter worth about $295,000. Thompson Siegel & Walmsley LLC purchased a new position in BlackSky Technology during the 3rd quarter valued at about $3,674,000. Finally, Vanguard Group Inc. raised its holdings in shares of BlackSky Technology by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after purchasing an additional 800,287 shares in the last quarter. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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