BlackSky Technology (NYSE:BKSY) CAO Sells $101,160.00 in Stock

Key Points

• BlackSky Technology CAO Christiana Lin sold 6,000 shares at an average price of $16.86, receiving $101,160. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving her with 415,680 shares.
• BKSY shares traded at $16.63, near the lower end of their 12-month range of $12.41 to $52.88. The company recently reported a quarterly loss of $0.54 per share, missing estimates, despite revenue exceeding expectations.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and a $39.33 price target; institutional investors own 27.15% of the stock.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CAO Christiana Lin sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $16.86, for a total value of $101,160.00. Following the sale, the chief accounting officer directly owned 415,680 shares of the company's stock, valued at approximately $7,008,364.80. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Performance

NYSE:BKSY traded down $0.72 during midday trading on Thursday, reaching $16.63. The stock had a trading volume of 700,758 shares, compared to its average volume of 1,581,175. The stock has a market cap of $680.50 million, a P/E ratio of -9.14 and a beta of 2.70. BlackSky Technology Inc. has a 12-month low of $12.41 and a 12-month high of $52.88. The firm has a fifty day simple moving average of $22.52 and a two-hundred day simple moving average of $29.02. The company has a quick ratio of 5.72, a current ratio of 5.83 and a debt-to-equity ratio of 0.94.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. On average, equities analysts expect that BlackSky Technology Inc. will post -1.09 EPS for the current year.

Hedge Funds Weigh In On BlackSky Technology

Large investors have recently modified their holdings of the company. Tema ETFs LLC lifted its stake in shares of BlackSky Technology by 110,505.8% in the 2nd quarter. Tema ETFs LLC now owns 1,446,724 shares of the company's stock valued at $40,393,000 after purchasing an additional 1,445,416 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of BlackSky Technology during the 2nd quarter worth about $39,289,000. AWM Investment Company Inc. acquired a new stake in BlackSky Technology during the 2nd quarter worth approximately $33,504,000. Bank of America Corp DE increased its position in BlackSky Technology by 156.1% during the 1st quarter. Bank of America Corp DE now owns 412,891 shares of the company's stock worth $10,388,000 after purchasing an additional 251,638 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of BlackSky Technology by 88.2% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 170,618 shares of the company's stock valued at $4,293,000 after acquiring an additional 79,970 shares during the period. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BKSY. Weiss Ratings restated a "sell (d-)" rating on shares of BlackSky Technology in a research report on Thursday, October 15th. Clear Str raised shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Finally, Wall Street Zen upgraded BlackSky Technology from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

BlackSky Technology Company Profile

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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