Christiana Lin Sells 6,000 Shares of BlackSky Technology (NYSE:BKSY) Stock

Key Points

• BlackSky CAO Christiana Lin sold 6,000 shares at an average price of $23.10, generating $138,600. The Rule 10b5-1 transaction reduced her ownership by 1.4%, leaving her with 421,680 shares.
• BlackSky shares traded around $23.20, well below the 12-month high of $52.88. The company reported a quarterly loss of $0.54 per share, missing estimates, though revenue of $33.32 million exceeded expectations.
• Analyst sentiment remains mixed, but the stock has 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) CAO Christiana Lin sold 6,000 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $23.10, for a total transaction of $138,600.00. Following the completion of the transaction, the chief accounting officer owned 421,680 shares in the company, valued at $9,740,808. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Performance

Shares of BKSY stock traded up $0.03 during mid-day trading on Tuesday, reaching $23.20. 743,443 shares of the company's stock traded hands, compared to its average volume of 1,660,652. BlackSky Technology Inc. has a 12 month low of $12.41 and a 12 month high of $52.88. The firm has a 50 day moving average price of $24.21 and a two-hundred day moving average price of $29.75. The company has a debt-to-equity ratio of 0.94, a quick ratio of 5.72 and a current ratio of 5.83. The firm has a market capitalization of $949.26 million, a PE ratio of -12.75 and a beta of 2.61.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $33.32 million during the quarter, compared to analysts' expectations of $30.72 million. On average, research analysts forecast that BlackSky Technology Inc. will post -1.09 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On BlackSky Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp bought a new stake in BlackSky Technology during the first quarter worth approximately $48,000. Griffin Asset Management Inc. lifted its stake in shares of BlackSky Technology by 5.8% in the 1st quarter. Griffin Asset Management Inc. now owns 57,375 shares of the company's stock valued at $1,444,000 after purchasing an additional 3,125 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of BlackSky Technology by 27.0% in the 1st quarter. Cetera Investment Advisers now owns 15,252 shares of the company's stock worth $384,000 after purchasing an additional 3,244 shares during the period. Legato Capital Management LLC boosted its holdings in shares of BlackSky Technology by 9.7% in the 4th quarter. Legato Capital Management LLC now owns 43,184 shares of the company's stock worth $810,000 after purchasing an additional 3,814 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of BlackSky Technology during the 4th quarter valued at approximately $95,000. 27.15% of the stock is 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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