Shares of BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $20.39 and traded as high as $21.43. BlackSky Technology shares last traded at $21.2380, with a volume of 1,445,234 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on BKSY shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of BlackSky Technology from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.33.
View Our Latest Analysis on BKSY
BlackSky Technology Stock Up 11.1%
The firm’s 50 day simple moving average is $20.39 and its 200 day simple moving average is $26.97. The company has a market cap of $869.06 million, a price-to-earnings ratio of -16.59 and a beta of 2.84. The company has a quick ratio of 5.72, a current ratio of 5.83 and a debt-to-equity ratio of 0.94.
BlackSky Technology (NYSE:BKSY – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.33. The business had revenue of $42.84 million during the quarter, compared to analysts’ expectations of $39.64 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. Sell-side analysts anticipate that BlackSky Technology Inc. will post -1.09 EPS for the current fiscal year.
Insider Activity at BlackSky Technology
In other BlackSky Technology news, CFO Henry Dubois sold 15,225 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $20.95, for a total transaction of $318,963.75. Following the transaction, the chief financial officer owned 482,931 shares in the company, valued at approximately $10,117,404.45. This represents a 3.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Christiana L. Lin sold 13,052 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $20.95, for a total value of $273,439.40. Following the completion of the transaction, the chief accounting officer directly owned 427,680 shares in the company, valued at approximately $8,959,896. The trade was a 2.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 168,557 shares of company stock worth $3,497,029 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.
Hedge Funds Weigh In On BlackSky Technology
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tema ETFs LLC increased its position in shares of 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 purchasing an additional 1,445,416 shares during the period. Tidal Investments LLC bought a new stake in BlackSky Technology during the second quarter valued at about $39,289,000. AWM Investment Company Inc. purchased a new position in BlackSky Technology during the second quarter valued at $33,504,000. Bank of America Corp DE increased its position in shares of 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 acquiring an additional 251,638 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of BlackSky Technology by 66.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 297,939 shares of the company’s stock worth $6,349,000 after buying an additional 118,421 shares in the last quarter. 27.15% of the stock is currently owned by institutional investors.
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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