BlackSky Technology Target of Unusually Large Options Trading (NYSE:BKSY)

BlackSky Technology Inc. (NYSE:BKSY) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 6,261 call options on the company. This represents an increase of approximately 159% compared to the average volume of 2,420 call options.

Institutional Investors Weigh In On BlackSky Technology

A number of hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of BlackSky Technology in the fourth quarter valued at about $26,000. Strive Financial Group LLC acquired a new position in shares of BlackSky Technology during the 4th quarter worth about $26,000. Global Retirement Partners LLC acquired a new position in shares of BlackSky Technology during the 4th quarter worth about $28,000. Wexford Capital LP bought a new stake in BlackSky Technology during the 3rd quarter valued at approximately $30,000. Finally, IFP Advisors Inc boosted its stake in BlackSky Technology by 57.9% during the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the period. 27.15% of the stock is currently owned by institutional investors.

BlackSky Technology Trading Down 2.3%

NYSE:BKSY opened at $31.13 on Friday. BlackSky Technology has a 12 month low of $12.41 and a 12 month high of $52.88. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -17.10 and a beta of 2.61. The company has a quick ratio of 3.34, a current ratio of 3.46 and a debt-to-equity ratio of 2.39. The company’s 50 day moving average is $26.87 and its 200-day moving average is $29.43.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 68.90% and a negative net margin of 61.24%.The firm had revenue of $33.32 million during the quarter, compared to analyst estimates of $30.72 million. Equities analysts anticipate that BlackSky Technology will post -1.27 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. Clear Str upgraded BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Wall Street Zen cut BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.