BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) CEO Brian O’toole sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $16.86, for a total value of $337,200.00. Following the completion of the transaction, the chief executive officer directly owned 1,023,396 shares in the company, valued at approximately $17,254,456.56. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BlackSky Technology Price Performance
BKSY stock traded down $0.72 during midday trading on Thursday, hitting $16.63. The company’s stock had a trading volume of 700,758 shares, compared to its average volume of 1,581,175. BlackSky Technology Inc. has a 12 month low of $12.41 and a 12 month high of $52.88. 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 has a market capitalization of $680.50 million, a price-to-earnings ratio of -9.14 and a beta of 2.70. The company has a 50 day moving average of $22.52 and a two-hundred day moving average of $29.02.
BlackSky Technology (NYSE:BKSY – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.16). The company had revenue of $33.32 million for the quarter, compared to the consensus estimate of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. On average, analysts expect that BlackSky Technology Inc. will post -1.09 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Sei Investments Co. increased its stake in BlackSky Technology by 125.5% in the first quarter. Sei Investments Co. now owns 65,650 shares of the company’s stock worth $1,652,000 after purchasing an additional 36,541 shares during the period. Jasper Ridge Partners L.P. bought a new position in shares of BlackSky Technology during the second quarter valued at approximately $2,087,000. Tema ETFs LLC raised its stake in BlackSky Technology by 110,505.8% in the second quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock worth $40,393,000 after buying an additional 1,445,416 shares in the last quarter. Tidal Investments LLC bought a new position in BlackSky Technology in the second quarter worth approximately $39,289,000. Finally, Bank of America Corp DE lifted its holdings in BlackSky Technology by 156.1% during the first quarter. Bank of America Corp DE now owns 412,891 shares of the company’s stock worth $10,388,000 after buying an additional 251,638 shares during the period. Institutional investors own 27.15% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Wall Street Zen raised BlackSky Technology from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Thursday, October 15th. Finally, Clear Str raised 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 given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.33.
View Our Latest Stock Report on BKSY
About BlackSky Technology
BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.
BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.
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