Henry Edward Dubois Sells 4,000 Shares of BlackSky Technology (NYSE:BKSY) Stock

Key Points

• BlackSky CFO Henry Dubois sold 4,000 shares for approximately $91,880 at an average price of $22.97 under a pre-arranged Rule 10b5-1 trading plan. He retained 478,931 shares worth about $11.0 million.
• BKSY shares rose 0.1% to $23.20, but the company reported a quarterly loss of $0.54 per share, missing analyst expectations, despite revenue of $33.32 million exceeding estimates.
• Analyst sentiment is mixed but averages to 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) CFO Henry Dubois sold 4,000 shares of the company's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $22.97, for a total transaction of $91,880.00. Following the sale, the chief financial officer directly owned 478,931 shares in the company, valued at $11,001,045.07. This trade represents a 0.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Henry Edward Dubois also recently made the following trade(s):

• On Friday, September 11th, Henry Dubois sold 15,225 shares of BlackSky Technology stock. The stock was sold at an average price of $20.95, for a total value of $318,963.75.
• On Friday, August 28th, Henry Dubois sold 4,000 shares of BlackSky Technology stock. The shares were sold at an average price of $23.78, for a total value of $95,120.00.

BlackSky Technology Trading Up 0.1%

NYSE BKSY traded up $0.03 during trading hours on Tuesday, hitting $23.20. 743,443 shares of the company's stock were exchanged, compared to its average volume of 1,660,652. The stock has a 50-day simple moving average of $24.21 and a 200 day simple moving average of $29.75. BlackSky Technology Inc. has a 1-year low of $12.41 and a 1-year high of $52.88. The firm has a market cap of $949.26 million, a price-to-earnings ratio of -12.75 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 (NYSE:BKSY - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $30.72 million. On average, equities analysts forecast that BlackSky Technology Inc. will post -1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of BlackSky Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tema ETFs LLC raised its holdings in BlackSky Technology by 110,505.8% during the second quarter. Tema ETFs LLC now owns 1,446,724 shares of the company's stock worth $40,393,000 after buying an additional 1,445,416 shares during the last quarter. Tidal Investments LLC bought a new position in shares of BlackSky Technology in the second quarter valued at $39,289,000. AWM Investment Company Inc. acquired a new position in shares of BlackSky Technology during the second quarter valued at about $33,504,000. Daiwa Securities Group Inc. acquired a new position in shares of BlackSky Technology during the fourth quarter valued at about $16,395,000. Finally, Bank of America Corp DE increased its position in shares of BlackSky Technology by 156.1% during the first quarter. Bank of America Corp DE now owns 412,891 shares of the company's stock worth $10,388,000 after acquiring an additional 251,638 shares in the last quarter. Institutional investors own 27.15% of the company's stock.

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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