Insider Selling: BlackSky Technology (NYSE:BKSY) CFO Sells $318,963.75 in Stock

Key Points

• BlackSky CFO Henry Dubois sold 15,225 shares at an average price of $20.95, generating $318,963.75. The sale reduced his direct holdings by 3.06% and was made to cover tax withholding tied to vested equity awards.
• BlackSky shares recently traded around $20.79, well below their 50-day and 200-day moving averages. The company reported a quarterly loss of $0.54 per share, missing estimates, despite revenue exceeding expectations.
• Analyst sentiment remains mixed but leans positive, with an average “Moderate Buy” rating and a $39.33 price target. Hedge funds and other institutions own approximately 27.15% of the company.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CFO Henry Dubois sold 15,225 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 transaction of $318,963.75. Following the sale, the chief financial officer directly owned 482,931 shares in the company, valued at approximately $10,117,404.45. The trade was a 3.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, August 28th, Henry Dubois sold 4,000 shares of BlackSky Technology stock. The stock was sold at an average price of $23.78, for a total transaction of $95,120.00.

BlackSky Technology Price Performance

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 firm has a 50 day moving average price of $24.69 and a 200-day moving average price of $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 current ratio of 5.83 and a quick ratio of 5.72. The stock has a market cap of $850.89 million, a P/E ratio of -11.43 and a beta of 2.61.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $30.72 million. On average, analysts predict that BlackSky Technology Inc. will post -1.09 EPS for the current year.

Institutional Trading of BlackSky Technology

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

Wall Street Analysts Forecast Growth

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

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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