BlackSky Technology (NYSE:BKSY) SVP Sells $12,564.00 in 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 company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total value of $12,564.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

BlackSky Technology Price Performance

Shares of NYSE:BKSY traded up $0.42 during trading on Monday, reaching $19.71. 1,900,978 shares of the company traded hands, compared to its average volume of 1,611,169. The company's 50 day moving average is $19.23 and its two-hundred day moving average is $13.80. The firm has a market capitalization of $699.08 million, a PE ratio of -5.87 and a beta of 2.16. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 1.35. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $28.85.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.03). BlackSky Technology had a negative return on equity of 52.27% and a negative net margin of 82.04%.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. As a group, sell-side analysts predict that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of BlackSky Technology

Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in BlackSky Technology by 35,575.0% during the second quarter. IFP Advisors Inc now owns 1,427 shares of the company's stock worth $32,000 after acquiring an additional 1,423 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of BlackSky Technology by 6,937.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,689 shares of the company's stock valued at $35,000 after buying an additional 1,665 shares during the period. BNP Paribas Financial Markets raised its stake 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 valued at $40,000 after buying an additional 683 shares during the period. GAMMA Investing LLC raised its stake in shares of BlackSky Technology by 14,829.2% in the first quarter. GAMMA Investing LLC now owns 7,166 shares of the company's stock valued at $55,000 after buying an additional 7,118 shares during the period. Finally, GPS Wealth Strategies Group LLC bought a new stake in shares of BlackSky Technology in the second quarter valued at $57,000. 27.15% of the stock is currently 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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