BlackSky Technology (NYSE:BKSY) Stock Price Down 6.5% – Here’s What Happened

Posted by Stanley Muller on Jun 15th, 2026

BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) shares fell 6.5% during trading on Monday . The stock traded as low as $30.18 and last traded at $30.3030. 691,963 shares changed hands during trading, a decline of 64% from the average session volume of 1,909,566 shares. The stock had previously closed at $32.42.

Analyst Ratings Changes

Several research firms have recently commented on BKSY. HC Wainwright restated a “buy” rating and set a $42.00 price target on shares of BlackSky Technology in a research report on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research note on Monday, April 20th. Wall Street Zen cut BlackSky Technology from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group reduced their price objective on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Jefferies Financial Group upgraded BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.50.

Read Our Latest Research Report on BlackSky Technology

BlackSky Technology Stock Performance

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 capitalization of $1.14 billion, a price-to-earnings ratio of -12.09 and a beta of 2.52. The stock has a 50 day simple moving average of $38.29 and a two-hundred day simple moving average of $27.97.

BlackSky Technology (NYSE:BKSY – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $27.60 million. As a group, analysts anticipate that BlackSky Technology Inc. will post -1.32 earnings per share for the current year.

Institutional Trading of BlackSky Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Round Rock Advisors LLC acquired a new stake in BlackSky Technology in the fourth quarter valued at $681,000. LBP AM SA raised its stake in BlackSky Technology by 37.3% in the fourth quarter. LBP AM SA now owns 497,187 shares of the company’s stock valued at $9,322,000 after buying an additional 135,013 shares in the last quarter. Divisadero Street Capital Management LP raised its stake in BlackSky Technology by 42.8% in the third quarter. Divisadero Street Capital Management LP now owns 365,910 shares of the company’s stock valued at $7,373,000 after buying an additional 109,610 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of BlackSky Technology during the fourth quarter worth about $7,930,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of BlackSky Technology during the third quarter worth about $1,310,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

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.