Insider Selling: BlackSky Technology (NYSE:BKSY) CFO Sells 4,000 Shares of Company Stock

Key Points

• BlackSky CFO Henry Dubois sold 4,000 shares at an average price of $16.85, generating $67,400. The Rule 10b5-1 transaction reduced his holdings by 0.84%, leaving him with 474,931 shares.
• BKSY shares traded at $16.63, well below their 50-day and 200-day moving averages of $22.52 and $29.02, respectively. The stock has a 12-month range of $12.41 to $52.88.
• The company recently missed quarterly EPS estimates, reporting a loss of $0.54 per share versus the expected $0.38 loss, despite revenue exceeding forecasts. Analysts’ overall rating remains “Moderate Buy,” with a consensus price target of $39.33.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CFO Henry Dubois sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $16.85, for a total value of $67,400.00. Following the transaction, the chief financial officer directly owned 474,931 shares in the company, valued at approximately $8,002,587.35. This trade represents a 0.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 21st, Henry Dubois sold 4,000 shares of BlackSky Technology stock. The shares were sold at an average price of $22.97, for a total value of $91,880.00.
• On Friday, September 11th, Henry Dubois sold 15,225 shares of BlackSky Technology stock. The shares were 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 stock was sold at an average price of $23.78, for a total value of $95,120.00.

BlackSky Technology Stock Performance

Shares of BKSY stock traded down $0.72 during trading on Thursday, reaching $16.63. 700,758 shares of the company's stock were exchanged, compared to its average volume of 1,581,175. The firm's fifty day moving average price is $22.52 and its 200-day moving average price is $29.02. The company has a quick ratio of 5.72, a current ratio of 5.83 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $680.50 million, a PE ratio of -9.14 and a beta of 2.70. BlackSky Technology Inc. has a twelve month low of $12.41 and a twelve month high of $52.88.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $30.72 million. As a group, sell-side analysts anticipate that BlackSky Technology Inc. will post -1.09 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in shares of BlackSky Technology in the 1st quarter valued at $48,000. State of Alaska Department of Revenue bought a new position in shares of BlackSky Technology in the 3rd quarter valued at $41,000. Vontobel Holding Ltd. raised its holdings in shares of BlackSky Technology by 20.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,939 shares of the company's stock worth $254,000 after buying an additional 1,992 shares in the last quarter. Griffin Asset Management Inc. raised its holdings in shares of BlackSky Technology by 5.8% during the 1st quarter. Griffin Asset Management Inc. now owns 57,375 shares of the company's stock worth $1,444,000 after buying an additional 3,125 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of BlackSky Technology by 27.0% during the 1st quarter. Cetera Investment Advisers now owns 15,252 shares of the company's stock worth $384,000 after buying an additional 3,244 shares in the last quarter. 27.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

BlackSky Technology Company Profile

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.

BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.