Wasatch Advisors LP Sells 43,668 Shares of BlackSky Technology Inc. $BKSY

Key Points

• Wasatch Advisors reduced its BlackSky position by 15.3%, selling 43,668 shares and retaining 242,215 shares valued at approximately $6.8 million. Institutional investors collectively own 27.15% of the company.
• BlackSky secured a seven-figure, multiyear international contract for satellite imagery and AI-powered analytics, while analysts raised earnings forecasts and Clear Street upgraded the stock to “strong buy.”
• Despite improving revenue expectations and bullish sentiment, BlackSky remains unprofitable: its latest quarterly loss of $0.54 per share missed estimates, and analysts project a full-year loss of $1.27 per share.

Wasatch Advisors LP decreased its position in BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 15.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 242,215 shares of the company's stock after selling 43,668 shares during the period. Wasatch Advisors LP owned 0.65% of BlackSky Technology worth $6,763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arax Advisory Partners increased its holdings in BlackSky Technology by 15.2% during the 4th quarter. Arax Advisory Partners now owns 5,985 shares of the company's stock worth $112,000 after purchasing an additional 791 shares during the period. IFP Advisors Inc lifted its holdings in shares of BlackSky Technology by 57.9% in the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company's stock worth $45,000 after buying an additional 826 shares during the period. Legal & General Group Plc lifted its holdings in shares of BlackSky Technology by 40.5% in the 2nd quarter. Legal & General Group Plc now owns 3,118 shares of the company's stock worth $64,000 after buying an additional 899 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of BlackSky Technology by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company's stock worth $117,000 after buying an additional 1,015 shares in the last quarter. Finally, Quarry LP bought a new position in shares of BlackSky Technology during the 4th quarter worth $26,000. Institutional investors own 27.15% of the company's stock.

Key Stories Impacting BlackSky Technology

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

• Positive Sentiment: BlackSky won a seven-figure, multi-year international contract for combined Assured and On-Demand subscriptions. The expanded agreement follows a successful pilot and includes low-latency Gen-2 and Gen-3 satellite imagery plus AI-enabled analytics, supporting recurring, potentially high-margin revenue. BlackSky Wins Seven-Figure, Multi-Year International Contract
• Positive Sentiment: Clear Street upgraded BlackSky from “hold” to “strong-buy,” adding to the bullish analyst sentiment surrounding the shares.
• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to a loss of $1.09 from a prior loss estimate of $1.20 and lifted its FY2027 forecast to positive earnings of $0.03 from a projected loss of $0.04. The firm also improved several quarterly estimates, suggesting expectations for a faster path toward profitability.
• Positive Sentiment: Investors purchased 6,261 BlackSky call options, 159% above the average daily volume of 2,420 contracts. The activity indicates increased speculative bullish interest, although options trading does not guarantee sustained buying in the stock.
• Neutral Sentiment: A Zacks comparison examined BlackSky’s year-to-date performance against Paymentus and other business-services companies. The item provides sector context but does not identify a new operating catalyst. BlackSky Performance Comparison
• Negative Sentiment: BlackSky continues to post losses, and analysts still expect a substantial full-year EPS loss. The company’s latest reported quarter also missed consensus EPS expectations, highlighting ongoing execution and profitability risks despite stronger revenue and improving forecasts.

BlackSky Technology Price Performance

Shares of BKSY stock opened at $32.02 on Thursday. BlackSky Technology Inc. has a 1-year low of $12.41 and a 1-year high of $52.88. The stock's 50-day moving average is $27.04 and its 200 day moving average is $29.40. The company has a market cap of $1.31 billion, a P/E ratio of -17.59 and a beta of 2.61. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.46 and a quick ratio of 3.34.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.16). The firm had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. BlackSky Technology had a negative return on equity of 68.90% and a negative net margin of 61.24%. Research analysts predict that BlackSky Technology Inc. will post -1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BKSY. Wall Street Zen downgraded BlackSky Technology from a "hold" rating to a "strong sell" rating in a report on Saturday, May 16th. Clear Str upgraded shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a report on Monday. Jefferies Financial Group raised shares of BlackSky Technology to a "hold" rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of BlackSky Technology in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.33.

BlackSky Technology Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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