BlackSky Technology (NYSE:BKSY) CEO Brian E. O'toole Sells 33,292 Shares

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 E. O'toole sold 33,292 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total value of $580,945.40. Following the transaction, the chief executive officer owned 750,164 shares in the company, valued at $13,090,361.80. The trade was a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

BlackSky Technology Price Performance

Shares of BKSY traded up $1.62 during trading hours on Friday, reaching $21.05. The stock had a trading volume of 3,623,105 shares, compared to its average volume of 1,570,495. BlackSky Technology Inc. has a 12 month low of $3.86 and a 12 month high of $28.85. The firm has a 50-day simple moving average of $18.94 and a 200 day simple moving average of $14.01. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.71 and a quick ratio of 3.71.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.52) EPS 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 company had revenue of $22.20 million during the quarter, compared to analysts' expectations of $22.17 million. BlackSky Technology has set its FY 2025 guidance at EPS. On average, equities research analysts expect that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BKSY. Wall Street Zen lowered BlackSky Technology from a "hold" rating to a "strong sell" rating in a report on Saturday, August 9th. Canaccord Genuity Group decreased their price target on BlackSky Technology from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Lake Street Capital upped their price objective on shares of BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, HC Wainwright increased their price target on shares of BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, BlackSky Technology currently has a consensus rating of "Buy" and a consensus price target of $23.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc grew 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 valued at $32,000 after purchasing an additional 1,423 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in BlackSky Technology by 6,937.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,689 shares of the company's stock valued at $35,000 after acquiring an additional 1,665 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in BlackSky Technology during the second quarter valued at approximately $57,000. Legal & General Group Plc lifted its position in BlackSky Technology by 40.5% during the second quarter. Legal & General Group Plc now owns 3,118 shares of the company's stock valued at $64,000 after acquiring an additional 899 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of BlackSky Technology by 22.7% in 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 during the last quarter. Institutional investors own 27.15% of the company's stock.

About BlackSky Technology

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.