BlackSky Technology (NYSE:BKSY) CAO Christiana Lin Sells 6,000 Shares of Stock

BlackSky Technology Inc. (NYSE:BKSY) CAO Christiana Lin sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $16.86, for a total value of $101,160.00. Following the sale, the chief accounting officer directly owned 415,680 shares in the company, valued at $7,008,364.80. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Down 4.1%

Shares of BKSY stock opened at $16.63 on Friday. BlackSky Technology Inc. has a 1 year low of $12.41 and a 1 year 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 simple moving average is $22.23 and its two-hundred day simple moving average is $28.92.

BlackSky Technology (NYSE:BKSY) last posted 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 company had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. Equities research analysts anticipate that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.

Institutional Trading of BlackSky Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in shares of BlackSky Technology by 935.6% during the third quarter. Sterling Capital Management LLC now owns 1,222 shares of the company’s stock valued at $26,000 after buying an additional 1,104 shares during the period. Fifth Third Bancorp bought a new position in shares of BlackSky Technology during the first quarter valued at approximately $48,000. State of Alaska Department of Revenue purchased a new stake in shares of BlackSky Technology in the third quarter worth approximately $41,000. Integrated Wealth Concepts LLC purchased a new stake in shares of BlackSky Technology in the second quarter worth approximately $216,000. Finally, Arizona State Retirement System purchased a new stake in shares of BlackSky Technology in the second quarter worth approximately $236,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BKSY shares. Clear Str upgraded BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Wall Street Zen upgraded shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.33.

About BlackSky Technology

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.

BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.