Christiana L. Lin Sells 24,036 Shares of BlackSky Technology (NYSE:BKSY) Stock

Key Points

• Christiana Lin, the Chief Accounting Officer of BlackSky Technology, sold 24,036 shares on September 10th for approximately $419,428, reducing her ownership in the company by 5.63%.
• BlackSky Technology's stock price recently increased to $19.71, with a market capitalization of $699.08 million and a PE ratio of -5.87.
• Research firms have set varying price targets for BlackSky Technology, with some analysts boosting their targets as high as $28.00, while others have downgraded the stock's rating.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CAO Christiana L. Lin sold 24,036 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total value of $419,428.20. Following the completion of the transaction, the chief accounting officer owned 402,652 shares of the company's stock, valued at $7,026,277.40. The trade was a 5.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

BlackSky Technology Price Performance

Shares of NYSE BKSY traded up $1.62 during trading hours on Friday, reaching $21.05. The stock had a trading volume of 3,623,105 shares, compared to its average volume of 1,570,495. The business's fifty day moving average is $18.94 and its two-hundred day moving average is $14.01. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.71 and a current ratio of 3.71. BlackSky Technology Inc. has a twelve month low of $3.86 and a twelve month high of $28.85.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.03). The firm had revenue of $22.20 million during the quarter, compared to analyst estimates of $22.17 million. BlackSky Technology had a negative net margin of 82.04% and a negative return on equity of 52.27%. BlackSky Technology has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BKSY. HC Wainwright upped their price target on BlackSky Technology from $20.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Canaccord Genuity Group lowered their price target on BlackSky Technology from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Wall Street Zen cut BlackSky Technology from a "hold" rating to a "strong sell" rating in a research report on Saturday, August 9th. Finally, Lake Street Capital upped their price target on BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, BlackSky Technology currently has an average rating of "Buy" and a consensus target price of $23.50.

Institutional Trading of BlackSky Technology

Large investors have recently made changes to their positions in the business. IFP Advisors Inc boosted its holdings in BlackSky Technology by 35,575.0% in the second quarter. IFP Advisors Inc now owns 1,427 shares of the company's stock valued at $32,000 after acquiring an additional 1,423 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in BlackSky Technology by 6,937.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,689 shares of the company's stock valued at $35,000 after acquiring an additional 1,665 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in BlackSky Technology by 22.7% in the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company's stock valued at $40,000 after acquiring an additional 683 shares during the last quarter. GAMMA Investing LLC boosted its holdings in BlackSky Technology by 14,829.2% in the first quarter. GAMMA Investing LLC now owns 7,166 shares of the company's stock valued at $55,000 after acquiring an additional 7,118 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC bought a new position in BlackSky Technology in the second quarter valued at about $57,000. Institutional investors own 27.15% of the company's stock.

BlackSky Technology Company Profile

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.