Insider Selling: BlackSky Technology (NYSE:BKSY) CFO Sells $318,963.75 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Dubois sold 15,225 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $20.95, for a total value of $318,963.75. Following the sale, the chief financial officer owned 482,931 shares of the company’s stock, valued at approximately $10,117,404.45. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Henry Edward Dubois also recently made the following trade(s):

• On Friday, August 28th, Henry Dubois sold 4,000 shares of BlackSky Technology stock. The shares were sold at an average price of $23.78, for a total value of $95,120.00.

BlackSky Technology Stock Up 0.7%

BKSY opened at $21.52 on Thursday. The business has a 50 day moving average price of $24.39 and a 200 day moving average price of $29.72. BlackSky Technology Inc. has a twelve month low of $12.41 and a twelve 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 firm has a market cap of $880.60 million, a P/E ratio of -11.82 and a beta of 2.61.

BlackSky Technology (NYSE:BKSY) last announced its earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%.The company had revenue of $33.32 million for the quarter, compared to the consensus estimate of $30.72 million. Research analysts forecast that BlackSky Technology Inc. will post -1.09 EPS for the current year.

Analysts Set New Price Targets

BKSY has been the topic of a number of research analyst reports. Clear Str upgraded 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 “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Friday, July 17th. Finally, Jefferies Financial Group raised BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.33.

Institutional Investors Weigh In On BlackSky Technology

Several hedge funds have recently modified their holdings of the business. Tema ETFs LLC raised its stake in BlackSky Technology by 110,505.8% during 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. Tidal Investments LLC acquired a new stake in BlackSky Technology in the 2nd quarter worth $39,289,000. AWM Investment Company Inc. bought a new position in shares of BlackSky Technology during the 2nd quarter worth about $33,504,000. Daiwa Securities Group Inc. bought a new position in shares of BlackSky Technology during the 4th quarter worth about $16,395,000. Finally, Bank of America Corp DE raised its position in shares of BlackSky Technology by 156.1% during the first quarter. Bank of America Corp DE now owns 412,891 shares of the company’s stock valued at $10,388,000 after buying an additional 251,638 shares during the last quarter. 27.15% of the stock is owned by institutional investors.

BlackSky Technology Company Profile

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.