Insider Selling: BlackSky Technology (NYSE:BKSY) CEO Sells $457,600.00 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian O’toole sold 20,000 shares of the company’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $22.88, for a total transaction of $457,600.00. Following the transaction, the chief executive officer owned 1,043,396 shares of the company’s stock, valued at approximately $23,872,900.48. The trade was a 1.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Price Performance

Shares of NYSE:BKSY opened at $23.17 on Friday. 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 company has a 50-day moving average price of $24.16 and a 200 day moving average price of $29.72. The company has a market cap of $948.03 million, a P/E ratio of -12.73 and a beta of 2.61. BlackSky Technology Inc. has a 52 week low of $12.41 and a 52 week high of $52.88.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $30.72 million. Research analysts predict that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.

Institutional Investors Weigh In On BlackSky Technology

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

Analyst Ratings Changes

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