BlackSky Technology (NYSE:BKSY) Shares Down 7.7% – Time to Sell?

Posted by Brian Himes on May 19th, 2026

BlackSky Technology Inc. (NYSE:BKSY – Get Free Report)’s share price fell 7.7% during trading on Tuesday . The company traded as low as $40.00 and last traded at $39.6860. 458,850 shares changed hands during trading, a decline of 75% from the average session volume of 1,814,290 shares. The stock had previously closed at $43.00.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BKSY. HC Wainwright reiterated a “buy” rating and set a $42.00 price objective on shares of BlackSky Technology in a research report on Friday, February 27th. Wall Street Zen downgraded BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Monday, April 20th. Finally, Canaccord Genuity Group reduced their target price on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.75.

View Our Latest Report on BKSY

BlackSky Technology Price Performance

The company has a current ratio of 3.46, a quick ratio of 3.34 and a debt-to-equity ratio of 2.39. The stock has a market cap of $1.66 billion, a PE ratio of -17.54 and a beta of 2.44. The company has a fifty day moving average of $31.94 and a 200-day moving average of $24.59.

BlackSky Technology (NYSE:BKSY – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.82) earnings per share (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 firm had revenue of $20.77 million during the quarter, compared to analysts’ expectations of $27.60 million. Sell-side analysts expect that BlackSky Technology Inc. will post -1.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in shares of BlackSky Technology during the 1st quarter worth about $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BlackSky Technology by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company’s stock worth $117,000 after acquiring an additional 1,015 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of BlackSky Technology by 343.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after acquiring an additional 432,023 shares in the last quarter. Legal & General Group Plc boosted its position in shares of BlackSky Technology by 40.5% during the 2nd quarter. Legal & General Group Plc now owns 3,118 shares of the company’s stock worth $64,000 after acquiring an additional 899 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of BlackSky Technology by 11.1% during the 2nd quarter. Rhumbline Advisers now owns 39,229 shares of the company’s stock worth $807,000 after acquiring an additional 3,934 shares in the last quarter. 27.15% of the stock is 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.