BlackSky Technology (NYSE:BKSY) CEO Brian O'toole Sells 56,280 Shares

Key Points

• CEO Brian O’Toole sold 56,280 BlackSky shares for approximately $1.18 million, reducing his holdings by 5.03%. The sale was intended to cover tax withholding obligations related to vested equity awards.
• BlackSky shares rose 0.9% to $20.79, but the company reported a quarterly loss of $0.54 per share, missing estimates, despite revenue of $33.32 million exceeding forecasts.
• Analyst sentiment remains mixed but averages a “Moderate Buy” rating, with a consensus price target of $39.33. Institutional investors own 27.15% of the company.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CEO Brian O'toole sold 56,280 shares of the business's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $20.95, for a total transaction of $1,179,066.00. Following the sale, the chief executive officer owned 1,063,396 shares of the company's stock, valued at $22,278,146.20. This trade represents a 5.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

BlackSky Technology Stock Up 0.9%

Shares of BlackSky Technology stock traded up $0.18 during trading hours on Monday, reaching $20.79. The company's stock had a trading volume of 943,116 shares, compared to its average volume of 1,679,813. The company has a market capitalization of $850.89 million, a P/E ratio of -11.43 and a beta of 2.61. The stock's fifty day simple moving average is $24.69 and its two-hundred day simple moving average is $29.69. BlackSky Technology Inc. has a one year low of $12.41 and a one year high of $52.88. The company has a debt-to-equity ratio of 0.94, a quick ratio of 5.72 and a current ratio of 5.83.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BKSY. Clear Str upgraded BlackSky Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of BlackSky Technology in a research report on Friday, July 17th. Jefferies Financial Group upgraded BlackSky Technology to a "hold" rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen raised shares of BlackSky Technology from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $39.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp bought a new stake in shares of BlackSky Technology during the first quarter valued at about $48,000. Griffin Asset Management Inc. boosted its position in shares of BlackSky Technology by 5.8% in the first quarter. Griffin Asset Management Inc. now owns 57,375 shares of the company's stock valued at $1,444,000 after acquiring an additional 3,125 shares during the period. Cetera Investment Advisers boosted its position in shares of BlackSky Technology by 27.0% in the first quarter. Cetera Investment Advisers now owns 15,252 shares of the company's stock valued at $384,000 after acquiring an additional 3,244 shares during the period. Legato Capital Management LLC grew its stake in BlackSky Technology by 9.7% during the fourth quarter. Legato Capital Management LLC now owns 43,184 shares of the company's stock valued at $810,000 after acquiring an additional 3,814 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in BlackSky Technology during the fourth quarter valued at approximately $95,000. 27.15% of the stock is owned by institutional investors.

BlackSky Technology Company Profile

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky's offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.

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