BlackSky Technology (NYSE:BKSY) CEO Sells $580,945.40 in Stock

Key Points

• BlackSky Technology CEO Brian O'toole sold 33,292 shares of the company's stock for a total of $580,945.40, resulting in a 4.25% decrease in his holdings.
• The company's stock is currently trading at approximately $19.71, showing a 2.2% increase, with price fluctuations between a 12-month low of $3.86 and a high of $28.85.
• Analysts have mixed ratings for BlackSky Technology, with a consensus rating of "Buy" and an average target price of $23.50, although Canaccord Genuity has reduced its target price from $28.00 to $27.00.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CEO Brian O'toole sold 33,292 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total transaction of $580,945.40. Following the completion of the sale, the chief executive officer owned 750,164 shares of the company's stock, valued at approximately $13,090,361.80. This trade represents a 4.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

BlackSky Technology Trading Up 2.2%

Shares of NYSE:BKSY traded up $0.42 during mid-day trading on Monday, hitting $19.71. The stock had a trading volume of 1,899,306 shares, compared to its average volume of 1,611,169. BlackSky Technology Inc. has a 12-month low of $3.86 and a 12-month high of $28.85. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.71 and a current ratio of 3.71. The company has a market cap of $699.08 million, a PE ratio of -5.87 and a beta of 2.16. The company's 50 day moving average is $19.23 and its 200-day moving average is $13.80.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.03). BlackSky Technology had a negative net margin of 82.04% and a negative return on equity of 52.27%. The business had revenue of $22.20 million for the quarter, compared to the consensus estimate of $22.17 million. BlackSky Technology has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Wall Street Analyst Weigh In

BKSY has been the topic of several recent research reports. Canaccord Genuity Group decreased their target price on shares of BlackSky Technology from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Wall Street Zen cut shares of BlackSky Technology from a "hold" rating to a "strong sell" rating in a report on Saturday, August 9th. Lake Street Capital boosted their price objective on shares of BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, HC Wainwright upped their price target on shares of BlackSky Technology from $20.00 to $28.00 and gave the company a "buy" rating in a report on Monday, July 21st. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $23.50.

Hedge Funds Weigh In On BlackSky Technology

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in BlackSky Technology by 22.7% during the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company's stock worth $40,000 after buying an additional 683 shares in the last quarter. Legal & General Group Plc raised its holdings in BlackSky Technology by 40.5% in the 2nd quarter. Legal & General Group Plc now owns 3,118 shares of the company's stock valued at $64,000 after buying an additional 899 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BlackSky Technology by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company's stock worth $117,000 after purchasing an additional 1,015 shares during the last quarter. IFP Advisors Inc raised its holdings in BlackSky Technology by 35,575.0% during the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the company's stock worth $32,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in BlackSky Technology by 9.1% during the 2nd quarter. Osaic Holdings Inc. now owns 17,443 shares of the company's stock worth $359,000 after purchasing an additional 1,451 shares during the last quarter. 27.15% of the stock is owned by institutional investors.

BlackSky Technology Company Profile

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.

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