Insider Selling: BlackSky Technology (NYSE:BKSY) CEO Sells $1,179,066.00 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian O’toole sold 56,280 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $20.95, for a total value of $1,179,066.00. Following the transaction, the chief executive officer directly owned 1,063,396 shares of the company’s stock, valued at $22,278,146.20. The trade was a 5.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

BlackSky Technology Stock Performance

NYSE BKSY opened at $21.52 on Thursday. 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’s 50 day simple moving average is $24.39 and its 200-day simple moving average is $29.72. The company has a market cap of $880.60 million, a PE ratio of -11.82 and a beta of 2.61. BlackSky Technology Inc. has a 1-year low of $12.41 and a 1-year high of $52.88.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.16). The firm had revenue of $33.32 million during the quarter, compared to analyst estimates of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. As a group, equities research analysts anticipate that BlackSky Technology Inc. will post -1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On BlackSky Technology

Several institutional investors and hedge funds have recently bought and sold shares of BKSY. Tidal Investments LLC purchased a new stake in shares of BlackSky Technology in the 2nd quarter valued at approximately $39,289,000. Integrated Wealth Concepts LLC purchased a new stake in shares of BlackSky Technology during the 2nd quarter valued at approximately $216,000. Squarepoint Ops LLC acquired a new position in BlackSky Technology in the second quarter valued at approximately $1,127,000. Connective Capital Management LLC acquired a new position in BlackSky Technology in the second quarter valued at approximately $400,000. Finally, Arizona State Retirement System acquired a new position in BlackSky Technology in the second quarter valued at approximately $236,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

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.