BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) CEO Brian O’toole sold 20,000 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $22.88, for a total value of $457,600.00. Following the sale, the chief executive officer owned 1,043,396 shares in the company, valued at approximately $23,872,900.48. The trade was a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BlackSky Technology Trading Up 0.1%
BKSY stock traded up $0.03 during mid-day trading on Tuesday, reaching $23.20. 743,443 shares of the stock traded hands, compared to its average volume of 1,660,652. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94. BlackSky Technology Inc. has a 52-week low of $12.41 and a 52-week high of $52.88. The company has a market cap of $949.26 million, a P/E ratio of -12.75 and a beta of 2.61. The stock’s fifty day moving average is $24.21 and its 200-day moving average is $29.75.
BlackSky Technology (NYSE:BKSY – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%.The firm had revenue of $33.32 million during the quarter, compared to analysts’ expectations of $30.72 million. As a group, sell-side analysts expect that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.
Analyst Ratings Changes
View Our Latest Research Report on BlackSky Technology
Hedge Funds Weigh In On BlackSky Technology
Several institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC purchased a new position in BlackSky Technology in the second quarter valued at about $39,289,000. Integrated Wealth Concepts LLC acquired a new position in BlackSky Technology in the 2nd quarter worth about $216,000. Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology during the 2nd quarter worth about $1,127,000. Connective Capital Management LLC purchased a new stake in shares of BlackSky Technology during the 2nd quarter worth about $400,000. Finally, Arizona State Retirement System acquired a new stake in shares of BlackSky Technology during the 2nd quarter valued at about $236,000. 27.15% of the stock is currently owned by hedge funds and other institutional investors.
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.
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