BlackSky Technology Inc. (NYSE:BKSY) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Two analysts rate BlackSky Technology a buy and one a strong buy, versus one hold and one sell. The average 12-month price target is $39.33.
• BlackSky remains unprofitable: Its latest quarterly loss of $0.54 per share was wider than the expected $0.38 loss, although revenue of $33.32 million exceeded forecasts. Analysts expect a full-year loss of $1.09 per share.
• Insiders have been selling shares: Executives sold shares under pre-arranged Rule 10b5-1 plans, including recent sales by the CEO and CFO; insiders have sold 168,557 shares worth about $3.5 million over the past 90 days.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) has received an average recommendation of "Moderate Buy" from the five analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $39.33.

A number of equities analysts have commented on BKSY shares. Wall Street Zen raised shares of BlackSky Technology from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings restated a "sell (d-)" rating on shares of BlackSky Technology in a research report on Thursday, October 15th. Finally, Clear Str upgraded shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th.

BlackSky Technology Stock Performance

NYSE BKSY opened at $17.58 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72. The stock has a market capitalization of $719.38 million, a PE ratio of -9.66 and a beta of 2.70. BlackSky Technology has a 1-year low of $12.41 and a 1-year high of $52.88. The business has a 50 day simple moving average of $21.96 and a two-hundred day simple moving average of $28.84.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. The business had revenue of $33.32 million during the quarter, compared to analysts' expectations of $30.72 million. On average, research analysts predict that BlackSky Technology will post -1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Brian E. O'toole sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $16.86, for a total value of $337,200.00. Following the completion of the sale, the chief executive officer directly owned 1,023,396 shares of the company's stock, valued at $17,254,456.56. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Henry Dubois sold 4,000 shares of BlackSky Technology stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $16.85, for a total value of $67,400.00. Following the completion of the transaction, the chief financial officer owned 474,931 shares of the company's stock, valued at approximately $8,002,587.35. This trade represents a 0.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 168,557 shares of company stock valued at $3,497,029 over the last ninety days. 5.20% of the stock is owned by insiders.

Institutional Trading of BlackSky Technology

A number of institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC increased its position in BlackSky Technology by 935.6% during the third quarter. Sterling Capital Management LLC now owns 1,222 shares of the company's stock valued at $26,000 after acquiring an additional 1,104 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of BlackSky Technology in the 1st quarter worth about $48,000. State of Alaska Department of Revenue bought a new stake in shares of BlackSky Technology in the 3rd quarter worth about $41,000. Vontobel Holding Ltd. boosted its stake in shares of BlackSky Technology by 20.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,939 shares of the company's stock worth $254,000 after purchasing an additional 1,992 shares during the period. Finally, Griffin Asset Management Inc. boosted its stake in shares of BlackSky Technology by 5.8% during the 1st quarter. Griffin Asset Management Inc. now owns 57,375 shares of the company's stock worth $1,444,000 after purchasing an additional 3,125 shares during the period. 27.15% of the stock is currently owned by institutional investors.

Key BlackSky Technology News

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: BlackSky won an expanded, seven-figure Gen-3 Assured contract with an international defense partner. The agreement supports demand for BlackSky’s satellite imagery and analytics and could improve visibility into future revenue, although the customer and exact contract value were not disclosed. BlackSky Wins Expanded Seven-Figure Gen-3 Assured Contract with International Defense Partner
• Neutral Sentiment: Analyst commentary comparing BlackSky with Planet Labs highlights growing demand for satellite imagery and AI-driven analytics. The comparison reportedly favors Planet Labs on financial strength and growth prospects, limiting the bullish read-through for BKSY. Planet Labs vs. BlackSky: Which Space Stock Is the Better Pick?
• Negative Sentiment: BlackSky insiders sold a combined 30,000 shares worth approximately $505,760: CEO Brian O’Toole sold 20,000 shares, CFO Henry Dubois sold 4,000, and Chief Accounting Officer Christiana Lin sold 6,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial stake, which reduces—but does not eliminate—the negative signal. BlackSky Technology Insider Sold Shares Worth $337,200, According to a Recent SEC Filing
• Negative Sentiment: BlackSky’s latest reported quarter showed a $0.54 loss per share, wider than the expected $0.38 loss. Although revenue exceeded forecasts, the company remains unprofitable, with a negative net margin and analysts expecting a full-year loss.

About BlackSky Technology

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.

BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.

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