Insider Selling: BlackSky Technology (NYSE:BKSY) CFO Sells $95,120.00 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Edward Dubois sold 4,000 shares of BlackSky Technology stock in a transaction on Friday, August 28th. The stock was sold at an average price of $23.78, for a total value of $95,120.00. Following the sale, the chief financial officer directly owned 498,156 shares of the company’s stock, valued at approximately $11,846,149.68. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Stock Up 1.5%

BlackSky Technology stock opened at $21.77 on Thursday. BlackSky Technology Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $52.88. The firm has a market capitalization of $891.03 million, a price-to-earnings ratio of -11.96 and a beta of 2.61. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72. The company’s 50 day simple moving average is $25.56 and its 200 day simple moving average is $29.69.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $33.32 million for the quarter, compared to the consensus estimate of $30.72 million. As a group, sell-side analysts anticipate that BlackSky Technology Inc. will post -1.27 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of BlackSky Technology during the 4th quarter worth approximately $26,000. Strive Financial Group LLC acquired a new stake in shares of BlackSky Technology in the 4th quarter valued at approximately $26,000. Global Retirement Partners LLC bought a new position in shares of BlackSky Technology in the fourth quarter valued at $28,000. Wexford Capital LP bought a new position in shares of BlackSky Technology in the third quarter valued at $30,000. Finally, IFP Advisors Inc increased its holdings in BlackSky Technology by 57.9% during the third quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock worth $45,000 after buying an additional 826 shares during the last quarter. 27.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

About BlackSky Technology

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.