Christiana Lin Sells 13,052 Shares of BlackSky Technology (NYSE:BKSY) Stock

Key Points

• BlackSky CAO Christiana Lin sold 13,052 shares at an average price of $20.95, totaling $273,439.40. The sale covered tax-withholding obligations tied to vested equity awards and reduced her stake by 2.96%.
• BlackSky shares traded around $20.79, well below the 12-month high of $52.88. The company recently reported a quarterly loss of $0.54 per share, missing estimates, despite revenue of $33.32 million exceeding forecasts.
• Analyst sentiment is mixed but averages to a “Moderate Buy”, with a consensus price target of $39.33. Institutional investors own 27.15% of the company, including a new $39.3 million stake purchased by Tidal Investments.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CAO Christiana Lin sold 13,052 shares of the company's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $20.95, for a total value of $273,439.40. Following the completion of the sale, the chief accounting officer directly owned 427,680 shares in the company, valued at $8,959,896. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

BlackSky Technology Price Performance

Shares of NYSE:BKSY traded up $0.18 during midday trading on Monday, hitting $20.79. 943,116 shares of the stock were exchanged, compared to its average volume of 1,679,813. The stock has a market cap of $850.89 million, a P/E ratio of -11.43 and a beta of 2.61. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94. BlackSky Technology Inc. has a twelve month low of $12.41 and a twelve month high of $52.88. The company has a 50 day moving average price of $24.69 and a 200-day moving average price of $29.69.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued 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). 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 analyst estimates 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

Several research analysts recently issued reports on BKSY shares. Jefferies Financial Group upgraded BlackSky Technology to a "hold" rating in a research report on Wednesday, June 10th. Clear Str raised BlackSky Technology from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Wall Street Zen raised BlackSky Technology from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of BlackSky Technology in a research report on Friday, July 17th. One research 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 given a Sell rating to the company's stock. According to MarketBeat, BlackSky Technology currently has an average rating of "Moderate Buy" and an average price target of $39.33.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BKSY. Tidal Investments LLC purchased a new stake in shares of BlackSky Technology in the second quarter valued at $39,289,000. Integrated Wealth Concepts LLC purchased a new position in BlackSky Technology during the second quarter worth about $216,000. Squarepoint Ops LLC purchased a new position in BlackSky Technology during the second quarter worth about $1,127,000. Connective Capital Management LLC acquired a new stake in BlackSky Technology in the 2nd quarter worth about $400,000. Finally, Arizona State Retirement System acquired a new stake in BlackSky Technology in the 2nd quarter worth about $236,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

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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