Tracy Ward Sells 720 Shares of BlackSky Technology (NYSE:BKSY) Stock

Key Points

• Tracy Ward, the Senior Vice President of BlackSky Technology, sold 720 shares of the company stock for a total of $12,564, after which their ownership decreased by 1.60%.
• BlackSky Technology's most recent quarterly earnings report indicated a loss of ($0.52) EPS, which missed the consensus estimate of ($0.49), and the company had a revenue of $22.20 million.
• Several analysts have varying outlooks on BlackSky Technology, with target prices ranging from $18.00 to $28.00, while the consensus rating remains a "Buy".

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) SVP Tracy Ward sold 720 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total transaction of $12,564.00. Following the transaction, the senior vice president owned 44,387 shares of the company's stock, valued at approximately $774,553.15. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

BlackSky Technology Trading Up 8.3%

Shares of BKSY stock traded up $1.62 on Friday, reaching $21.05. 3,623,105 shares of the stock were exchanged, compared to its average volume of 1,570,495. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.71 and a current ratio of 3.71. BlackSky Technology Inc. has a twelve month low of $3.86 and a twelve month high of $28.85. The business's 50 day moving average price is $18.94 and its 200 day moving average price is $14.01.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released its quarterly earnings data 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. As a group, analysts expect that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

Analyst Ratings Changes

BKSY has been the subject of several research analyst reports. Canaccord Genuity Group decreased their price objective on shares of BlackSky Technology from $28.00 to $27.00 and set a "buy" rating for the company 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. Wall Street Zen downgraded shares of BlackSky Technology from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 9th. Finally, HC Wainwright upped their target price 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $23.50.

Institutional Investors Weigh In On BlackSky Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Investments LP purchased a new position in BlackSky Technology during the fourth quarter worth about $1,219,000. Oppenheimer & Co. Inc. raised its holdings in BlackSky Technology by 215.3% during the first quarter. Oppenheimer & Co. Inc. now owns 80,638 shares of the company's stock worth $623,000 after purchasing an additional 55,067 shares in the last quarter. Northern Trust Corp raised its holdings in BlackSky Technology by 89.1% during the fourth quarter. Northern Trust Corp now owns 202,153 shares of the company's stock worth $2,181,000 after purchasing an additional 95,228 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in BlackSky Technology by 20.5% during the fourth quarter. Nuveen Asset Management LLC now owns 72,890 shares of the company's stock worth $786,000 after purchasing an additional 12,378 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BlackSky Technology by 93.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,159 shares of the company's stock worth $153,000 after purchasing an additional 6,835 shares in the last quarter. 27.15% of the stock is owned by hedge funds and other 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.