BlackSky Technology (NYSE:BKSY) CEO Sells 20,000 Shares of Stock

Key Points

• CEO Brian O’Toole sold 20,000 BlackSky shares at an average price of $22.88, generating $457,600. The transaction occurred under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 1.88% to 1,043,396 shares.
• BlackSky shares traded near $23.20, well below their 52-week high of $52.88. The company reported a quarterly loss of $0.54 per share, missing estimates, despite revenue exceeding forecasts.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and an average 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 20,000 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $22.88, for a total value of $457,600.00. Following the transaction, the chief executive officer owned 1,043,396 shares of the company's stock, valued at approximately $23,872,900.48. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Performance

BKSY stock traded up $0.03 on Tuesday, reaching $23.20. The company's stock had a trading volume of 743,443 shares, compared to its average volume of 1,660,652. BlackSky Technology Inc. has a 52 week low of $12.41 and a 52 week high of $52.88. 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 company has a market capitalization of $949.26 million, a P/E ratio of -12.75 and a beta of 2.61. The firm has a fifty day moving average of $24.21 and a two-hundred day moving average of $29.75.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of BlackSky Technology to a "hold" rating in a research note on Wednesday, June 10th. Wall Street Zen upgraded BlackSky Technology from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BlackSky Technology in a research note on Friday, July 17th. Finally, Clear Str upgraded BlackSky Technology from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BlackSky Technology has a consensus rating of "Moderate Buy" and an average price target of $39.33.

Institutional Trading of BlackSky Technology

A number of large investors have recently added to or reduced their stakes in BKSY. Fifth Third Bancorp bought a new position in shares of BlackSky Technology in the first quarter valued at $48,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of BlackSky Technology during the 4th quarter worth $95,000. Leonteq Securities AG acquired a new position in shares of BlackSky Technology in the 4th quarter worth $115,000. Integrated Wealth Concepts LLC acquired a new position in shares of BlackSky Technology in the 2nd quarter worth $216,000. Finally, Arizona State Retirement System acquired a new stake in shares of BlackSky Technology during the second quarter worth $236,000. 27.15% of the stock is currently owned by institutional investors.

About BlackSky Technology

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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