Henry Edward Dubois Sells 4,000 Shares of BlackSky Technology (NYSE:BKSY) Stock

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Edward Dubois sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $23.78, for a total transaction of $95,120.00. Following the transaction, the chief financial officer owned 498,156 shares of the company’s stock, valued at $11,846,149.68. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Trading Down 6.7%

Shares of NYSE:BKSY opened at $21.56 on Wednesday. BlackSky Technology Inc. has a 52 week low of $12.41 and a 52 week high of $52.88. The company’s 50 day moving average is $25.63 and its two-hundred day moving average is $29.69. The company has a market cap of $882.24 million, a PE ratio of -11.85 and a beta of 2.61. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.16). The firm had revenue of $33.32 million for the quarter, compared to analysts’ expectations of $30.72 million. BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. Equities analysts predict that BlackSky Technology Inc. will post -1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BlackSky Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in shares of BlackSky Technology by 125.5% during the first quarter. Sei Investments Co. now owns 65,650 shares of the company’s stock worth $1,652,000 after acquiring an additional 36,541 shares during the last quarter. Tema ETFs LLC raised its position in BlackSky Technology by 110,505.8% in the 2nd quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock valued at $40,393,000 after purchasing an additional 1,445,416 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in BlackSky Technology during the 4th quarter worth $7,930,000. Jasper Ridge Partners L.P. acquired a new stake in BlackSky Technology during the 2nd quarter worth $2,087,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in BlackSky Technology during the 4th quarter worth $247,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BKSY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. Clear Str raised BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Jefferies Financial Group upgraded BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen raised BlackSky Technology from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.