BlackSky Technology (NYSE:BKSY) CFO Henry Edward Dubois Sells 4,000 Shares

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Edward Dubois sold 4,000 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $23.78, for a total value of $95,120.00. Following the completion of the transaction, the chief financial officer owned 498,156 shares in the company, valued at $11,846,149.68. This trade represents a 0.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Down 2.7%

BKSY opened at $23.07 on Tuesday. BlackSky Technology Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $52.88. The business has a 50-day moving average of $25.73 and a 200-day moving average of $29.68. 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 company has a market capitalization of $944.02 million, a PE ratio of -12.68 and a beta of 2.61.

BlackSky Technology (NYSE:BKSY) last announced its quarterly 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 net margin of 61.24% and a negative return on equity of 51.24%. The firm had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. Equities research analysts forecast that BlackSky Technology Inc. will post -1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On BlackSky Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in shares of BlackSky Technology by 392.8% in the fourth quarter. Bank of New York Mellon Corp now owns 2,072,543 shares of the company’s stock valued at $38,860,000 after purchasing an additional 1,652,014 shares during the period. Vanguard Group Inc. grew its stake in BlackSky Technology by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,697,683 shares of the company’s stock valued at $34,208,000 after buying an additional 123,171 shares during the last quarter. Tema ETFs LLC raised its holdings in BlackSky Technology by 110,505.8% in the 2nd quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock worth $40,393,000 after acquiring an additional 1,445,416 shares during the period. AWM Investment Company Inc. bought a new position in BlackSky Technology in the 2nd quarter worth $33,504,000. Finally, State Street Corp lifted its position in BlackSky Technology by 63.3% during the 4th quarter. State Street Corp now owns 996,019 shares of the company’s stock worth $18,675,000 after acquiring an additional 386,207 shares during the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on BKSY. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. 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. Jefferies Financial Group upgraded shares of BlackSky Technology to a “hold” rating in a report on Wednesday, June 10th. Finally, Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BlackSky Technology presently has a consensus rating of “Moderate Buy” and an average target price of $39.33.

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.