BlackSky Technology (NYSE:BKSY) CFO Sells $91,880.00 in Stock

BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) CFO Henry Dubois sold 4,000 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $22.97, for a total value of $91,880.00. Following the completion of the sale, the chief financial officer owned 478,931 shares of the company’s stock, valued at approximately $11,001,045.07. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Henry Edward Dubois also recently made the following trade(s):

  • On Friday, September 11th, Henry Dubois sold 15,225 shares of BlackSky Technology stock. The shares were sold at an average price of $20.95, for a total value of $318,963.75.
  • On Friday, August 28th, Henry Dubois sold 4,000 shares of BlackSky Technology stock. The stock was sold at an average price of $23.78, for a total value of $95,120.00.

BlackSky Technology Stock Performance

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 firm’s fifty day simple moving average is $24.16 and its 200 day simple moving average is $29.72. The stock 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 twelve month low of $12.41 and a twelve month high of $52.88.

BlackSky Technology (NYSE:BKSY – Get Free Report) last issued its quarterly earnings data 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 return on equity of 51.24% and a negative net margin of 61.24%.The company had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. As a group, research analysts predict that BlackSky Technology Inc. will post -1.09 EPS for the current year.

Institutional Investors Weigh In On BlackSky Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in BlackSky Technology in the 1st quarter valued at approximately $48,000. Griffin Asset Management Inc. increased its holdings in shares of BlackSky Technology by 5.8% in the 1st quarter. Griffin Asset Management Inc. now owns 57,375 shares of the company’s stock worth $1,444,000 after purchasing an additional 3,125 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of BlackSky Technology by 27.0% in the first quarter. Cetera Investment Advisers now owns 15,252 shares of the company’s stock worth $384,000 after purchasing an additional 3,244 shares during the last quarter. Legato Capital Management LLC lifted its holdings in shares of BlackSky Technology by 9.7% during the fourth quarter. Legato Capital Management LLC now owns 43,184 shares of the company’s stock valued at $810,000 after purchasing an additional 3,814 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of BlackSky Technology during the fourth quarter valued at $95,000. Institutional investors own 27.15% of the company’s stock.

Analysts Set New Price Targets

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

View Our Latest Stock Report on BKSY

BlackSky Technology Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for BlackSky Technology (NYSE:BKSY)

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