BlackSky Technology (NYSE:BKSY) CFO Sells $552,222.70 in Stock

Key Points

• BlackSky Technology CFO Henry Edward Dubois sold 31,646 shares for approximately $552,222.70, reducing his ownership by 6.25%.
• The company's stock has seen a 2.2% increase, with shares trading at $19.71, and has a market cap of $699.08 million.
• BlackSky reported a quarterly EPS of ($0.52), missing estimates and indicating a negative net margin of 82.04%.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CFO Henry Edward Dubois sold 31,646 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total value of $552,222.70. Following the transaction, the chief financial officer owned 474,582 shares of the company's stock, valued at $8,281,455.90. This represents a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BlackSky Technology Stock Up 2.2%

Shares of BlackSky Technology stock traded up $0.42 during trading on Monday, hitting $19.71. 1,899,306 shares of the stock traded hands, compared to its average volume of 1,611,169. The stock's fifty day simple moving average is $19.23 and its 200 day simple moving average is $13.80. BlackSky Technology Inc. has a 52-week low of $3.86 and a 52-week high of $28.85. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 1.35. The firm has a market cap of $699.08 million, a P/E ratio of -5.87 and a beta of 2.16.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released its 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). The firm had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.17 million. BlackSky Technology had a negative return on equity of 52.27% and a negative net margin of 82.04%. BlackSky Technology has set its FY 2025 guidance at EPS. On average, equities analysts predict that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BKSY shares. Canaccord Genuity Group decreased their target price on BlackSky Technology from $28.00 to $27.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. HC Wainwright raised their target price on BlackSky Technology from $20.00 to $28.00 and gave the company a "buy" rating in a report on Monday, July 21st. Lake Street Capital boosted their price objective on BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen downgraded BlackSky Technology from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 9th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, BlackSky Technology has an average rating of "Buy" and an average price target of $23.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of BlackSky Technology in the 1st quarter valued at about $9,582,000. Goldman Sachs Group Inc. raised its position in BlackSky Technology by 343.7% during the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company's stock valued at $4,311,000 after purchasing an additional 432,023 shares in the last quarter. Jump Financial LLC increased its holdings in shares of BlackSky Technology by 128.2% during the second quarter. Jump Financial LLC now owns 480,048 shares of the company's stock worth $9,879,000 after buying an additional 269,700 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of BlackSky Technology during the first quarter worth $1,728,000. Finally, Invesco Ltd. increased its holdings in BlackSky Technology by 94.9% in the second quarter. Invesco Ltd. now owns 423,845 shares of the company's stock valued at $8,723,000 after purchasing an additional 206,371 shares during the period. 27.15% of the stock is currently owned by institutional investors.

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.

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