BlackSky Technology (NYSE:BKSY) CAO Christiana Lin Sells 13,052 Shares

BlackSky Technology Inc. (NYSE:BKSY) CAO Christiana Lin sold 13,052 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $20.95, for a total transaction of $273,439.40. Following the completion of the sale, the chief accounting officer directly owned 427,680 shares in the company, valued at $8,959,896. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

BlackSky Technology Trading Up 0.9%

BlackSky Technology stock traded up $0.18 during trading on Monday, reaching $20.79. The company had a trading volume of 943,116 shares, compared to its average volume of 1,679,813. BlackSky Technology Inc. has a 12-month low of $12.41 and a 12-month high of $52.88. The company has a debt-to-equity ratio of 0.94, a quick ratio of 5.72 and a current ratio of 5.83. The stock’s 50 day moving average price is $24.69 and its two-hundred day moving average price is $29.69. The firm has a market capitalization of $850.89 million, a price-to-earnings ratio of -11.43 and a beta of 2.61.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings results 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). The company 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%. As a group, equities analysts expect that BlackSky Technology Inc. will post -1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BKSY has been the topic of a number of research reports. Wall Street Zen upgraded BlackSky Technology from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Friday, July 17th. Finally, Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tema ETFs LLC boosted its position in shares of BlackSky Technology by 110,505.8% in the second quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock worth $40,393,000 after buying an additional 1,445,416 shares during the period. Tidal Investments LLC purchased a new stake in shares of BlackSky Technology during the 2nd quarter valued at about $39,289,000. AWM Investment Company Inc. purchased a new stake in shares of BlackSky Technology during the 2nd quarter valued at about $33,504,000. California State Teachers Retirement System lifted its position in BlackSky Technology by 3,612.6% during the 2nd quarter. California State Teachers Retirement System now owns 976,055 shares of the company’s stock worth $27,251,000 after acquiring an additional 949,765 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in BlackSky Technology during the 4th quarter worth approximately $16,395,000. Institutional investors and hedge funds own 27.15% of the company’s stock.

About BlackSky Technology

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky’s offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.