Insider Selling: BlackSky Technology (NYSE:BKSY) CAO Sells $273,439.40 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CAO Christiana Lin sold 13,052 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $20.95, for a total transaction of $273,439.40. Following the completion of the sale, the chief accounting officer owned 427,680 shares in the company, valued at approximately $8,959,896. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

BlackSky Technology Price Performance

Shares of NYSE BKSY opened at $21.52 on Thursday. BlackSky Technology Inc. has a twelve month low of $12.41 and a twelve month high of $52.88. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $880.60 million, a price-to-earnings ratio of -11.82 and a beta of 2.61. The firm has a 50-day moving average of $24.39 and a two-hundred day moving average of $29.72.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, August 6th. The company reported ($0.54) EPS 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. As a group, analysts expect that BlackSky Technology Inc. will post -1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BlackSky Technology

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new position in BlackSky Technology in the 1st quarter valued at approximately $48,000. Griffin Asset Management Inc. lifted its position in BlackSky Technology by 5.8% in 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. Cetera Investment Advisers boosted its stake 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 valued at $384,000 after buying an additional 3,244 shares during the period. Legato Capital Management LLC boosted its stake in shares of BlackSky Technology by 9.7% during the 4th quarter. Legato Capital Management LLC now owns 43,184 shares of the company’s stock valued at $810,000 after buying an additional 3,814 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of BlackSky Technology during the 4th quarter valued at $95,000. Institutional investors and hedge funds own 27.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. Wall Street Zen upgraded BlackSky Technology from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Jefferies Financial Group raised BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Finally, Clear Str raised BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

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.