Shares of BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) have been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $39.33.
Several analysts have issued reports on the company. Clear Str upgraded BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Wall Street Zen raised shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a research note on Friday, July 17th.
Check Out Our Latest Report on BlackSky Technology
BlackSky Technology Trading Up 5.6%
BlackSky Technology (NYSE:BKSY – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. The company had revenue of $33.32 million during the quarter, compared to analysts’ expectations of $30.72 million. Analysts predict that BlackSky Technology will post -1.09 EPS for the current fiscal year.
Insider Transactions at BlackSky Technology
In other news, CAO Christiana Lin sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $23.10, for a total transaction of $138,600.00. Following the completion of the sale, the chief accounting officer owned 421,680 shares in the company, valued at $9,740,808. This trade represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Henry Dubois sold 4,000 shares of BlackSky Technology stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $22.97, for a total transaction of $91,880.00. Following the sale, the chief financial officer directly owned 478,931 shares in the company, valued at approximately $11,001,045.07. The trade was a 0.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 138,557 shares of company stock worth $2,991,269 in the last 90 days. Insiders own 5.20% of the company’s stock.
Hedge Funds Weigh In On BlackSky Technology
Several large investors have recently modified their holdings of BKSY. Tidal Investments LLC purchased a new position in shares of BlackSky Technology during the 2nd quarter worth $39,289,000. Integrated Wealth Concepts LLC purchased a new stake in BlackSky Technology in the 2nd quarter valued at about $216,000. Squarepoint Ops LLC purchased a new stake in BlackSky Technology in the 2nd quarter valued at about $1,127,000. Connective Capital Management LLC acquired a new position in BlackSky Technology in the second quarter valued at about $400,000. Finally, Arizona State Retirement System acquired a new position in BlackSky Technology in the second quarter valued at about $236,000. Institutional investors and hedge funds own 27.15% of the company’s stock.
BlackSky Technology Company Profile
BlackSky Technology Inc provides geospatial intelligence and satellite-imagery services to government and commercial customers. The company operates a constellation of Earth-observation satellites designed to collect high-resolution imagery and other data, supporting monitoring of locations and activities around the world.
BlackSky combines satellite data with artificial intelligence, machine learning and other analytics through its Spectra platform. Its services are intended to deliver timely insights for applications including defense and intelligence, disaster response, infrastructure monitoring, maritime awareness, supply-chain management and other forms of global activity monitoring.
The company was established in 2013 and originated within Spaceflight Industries before becoming a publicly traded company through a business combination completed in 2021.
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