BlackSky Technology (NYSE:BKSY) Shares Gap Down – Here’s What Happened

Posted by Geri Gentry on May 29th, 2026

BlackSky Technology Inc. (NYSE:BKSY – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $51.63, but opened at $48.99. BlackSky Technology shares last traded at $45.0530, with a volume of 586,923 shares traded.

Analyst Ratings Changes

Several research firms recently issued reports on BKSY. Wall Street Zen cut shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a research note on Monday, April 20th. Canaccord Genuity Group lowered their target price on shares of BlackSky Technology from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $42.00 target price on shares of BlackSky Technology in a research note on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BlackSky Technology has a consensus rating of “Moderate Buy” and a consensus price target of $29.75.

Get Our Latest Stock Analysis on BlackSky Technology

BlackSky Technology Trading Down 9.7%

The company has a debt-to-equity ratio of 2.39, a current ratio of 3.46 and a quick ratio of 3.34. The company has a market cap of $1.73 billion, a PE ratio of -18.35 and a beta of 2.44. The company’s 50 day simple moving average is $35.70 and its two-hundred day simple moving average is $26.21.

BlackSky Technology (NYSE:BKSY – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.45). BlackSky Technology had a negative net margin of 89.07% and a negative return on equity of 74.25%. The business had revenue of $20.77 million during the quarter, compared to analysts’ expectations of $27.60 million. As a group, sell-side analysts anticipate that BlackSky Technology Inc. will post -1.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of BlackSky Technology in the fourth quarter valued at approximately $26,000. Strive Financial Group LLC purchased a new position in shares of BlackSky Technology in the fourth quarter valued at approximately $26,000. Global Retirement Partners LLC purchased a new position in shares of BlackSky Technology in the fourth quarter valued at approximately $28,000. Wexford Capital LP purchased a new position in shares of BlackSky Technology in the third quarter valued at approximately $30,000. Finally, IFP Advisors Inc boosted its stake in shares of BlackSky Technology by 57.9% in the third quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the period. Hedge funds and other institutional investors own 27.15% of the company’s stock.

BlackSky Technology Company Profile

(Get Free Report)

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.