Sidoti Research Analysts Raise Earnings Estimates for BKSY

BlackSky Technology Inc. (NYSE:BKSY) – Stock analysts at Sidoti boosted their Q4 2027 earnings estimates for BlackSky Technology in a research report issued on Friday, November 6th. Sidoti analyst G. Burns now forecasts that the company will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.18. The consensus estimate for BlackSky Technology’s current full-year earnings is ($1.09) per share. Sidoti also issued estimates for BlackSky Technology’s Q2 2028 earnings at $0.07 EPS and Q3 2028 earnings at $0.15 EPS.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.33. The firm had revenue of $42.84 million for the quarter, compared to the consensus estimate of $39.64 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%.

Several other brokerages have also recently issued reports on BKSY. Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Wall Street Zen raised shares of BlackSky Technology from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Thursday, October 15th. One equities 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.33.

BlackSky Technology Trading Up 11.4%

NYSE BKSY opened at $23.77 on Monday. BlackSky Technology has a 12 month low of $12.41 and a 12 month high of $52.88. The company’s 50 day simple moving average is $20.39 and its 200 day simple moving average is $26.96. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94.

Insider Buying and Selling

In other news, CEO Brian O’Toole sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $16.86, for a total transaction of $337,200.00. Following the transaction, the chief executive officer directly owned 1,023,396 shares in the company, valued at $17,254,456.56. The trade was a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Henry Dubois sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $16.85, for a total value of $67,400.00. Following the completion of the transaction, the chief financial officer owned 474,931 shares in the company, valued at $8,002,587.35. This trade represents a 0.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 168,557 shares of company stock worth $3,497,029. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On BlackSky Technology

Large investors have recently made changes to their positions in the business. Sterling Capital Management LLC raised its holdings in BlackSky Technology by 935.6% in the 3rd quarter. Sterling Capital Management LLC now owns 1,222 shares of the company’s stock valued at $26,000 after acquiring an additional 1,104 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of BlackSky Technology during the 1st quarter worth approximately $48,000. State of Alaska Department of Revenue acquired a new stake in shares of BlackSky Technology during the 3rd quarter worth approximately $41,000. Integrated Wealth Concepts LLC bought a new stake in shares of BlackSky Technology during the second quarter valued at approximately $216,000. Finally, Arizona State Retirement System bought a new stake in shares of BlackSky Technology during the second quarter valued at approximately $236,000. 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 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.