Insider Selling: BlackSky Technology (NYSE:BKSY) CFO Sells 31,646 Shares of 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 BlackSky Technology stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total transaction of $552,222.70. Following the transaction, the chief financial officer directly owned 474,582 shares in the company, valued at $8,281,455.90. This trade represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BlackSky Technology Stock Up 8.3%

BKSY traded up $1.62 during trading hours on Friday, hitting $21.05. 3,623,105 shares of the company's stock were exchanged, compared to its average volume of 1,570,495. 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 Inc. has a 12-month low of $3.86 and a 12-month high of $28.85. The firm has a 50 day moving average of $18.94 and a 200 day moving average of $14.01.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $22.17 million. BlackSky Technology has set its FY 2025 guidance at EPS. Analysts expect that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On BlackSky Technology

A number of hedge funds have recently added to or reduced their stakes in BKSY. IFP Advisors Inc boosted its holdings in BlackSky Technology by 35,575.0% in the second 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 period. Nisa Investment Advisors LLC boosted its holdings in shares of 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 period. BNP Paribas Financial Markets raised its stake in shares of BlackSky Technology by 22.7% during the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company's stock valued at $40,000 after purchasing an additional 683 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of BlackSky Technology by 14,829.2% during the first quarter. GAMMA Investing LLC now owns 7,166 shares of the company's stock valued at $55,000 after purchasing an additional 7,118 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC bought a new stake in shares of BlackSky Technology during the second quarter valued at about $57,000. Institutional investors and hedge funds own 27.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BKSY. Canaccord Genuity Group lowered their price objective on shares of BlackSky Technology from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Wall Street Zen cut shares of BlackSky Technology from a "hold" rating to a "strong sell" rating in a research report on Saturday, August 9th. Lake Street Capital raised their price target 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 lifted their price objective on shares of BlackSky Technology from $20.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, BlackSky Technology currently has a consensus rating of "Buy" and an average price target of $23.50.

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.