BlackSky Technology (NYSE:BKSY) CFO Henry Edward Dubois Sells 15,225 Shares of Stock

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Dubois sold 15,225 shares of BlackSky Technology stock in a transaction on Friday, September 11th. The stock was sold at an average price of $20.95, for a total value of $318,963.75. Following the sale, the chief financial officer owned 482,931 shares of the company’s stock, valued at approximately $10,117,404.45. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Henry Edward Dubois also recently made the following trade(s):

• On Friday, August 28th, Henry Dubois sold 4,000 shares of BlackSky Technology stock. The stock was sold at an average price of $23.78, for a total transaction of $95,120.00.

BlackSky Technology Trading Up 0.9%

Shares of NYSE BKSY traded up $0.18 during mid-day trading on Monday, reaching $20.79. The company had a trading volume of 943,116 shares, compared to its average volume of 1,679,813. The stock has a market cap of $850.89 million, a price-to-earnings ratio of -11.43 and a beta of 2.61. BlackSky Technology Inc. has a 52 week low of $12.41 and a 52 week high of $52.88. The business’s 50-day moving average is $24.69 and its 200-day moving average is $29.69. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities analysts expect that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group upgraded BlackSky Technology to a “hold” rating in a report on Wednesday, June 10th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Friday, July 17th. Clear Str raised BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded BlackSky Technology from a “strong sell” rating to a “sell” rating in a 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 given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.33.

Hedge Funds Weigh In On BlackSky Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. lifted its holdings in BlackSky Technology by 125.5% during the first quarter. Sei Investments Co. now owns 65,650 shares of the company’s stock worth $1,652,000 after buying an additional 36,541 shares during the period. Tema ETFs LLC increased its holdings in shares of BlackSky Technology by 110,505.8% in the 2nd quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock valued at $40,393,000 after acquiring an additional 1,445,416 shares during the period. Jasper Ridge Partners L.P. purchased a new position in shares of BlackSky Technology in the 2nd quarter valued at $2,087,000. Kingsview Wealth Management LLC bought a new position in shares of BlackSky Technology in the 4th quarter worth $735,000. Finally, Bank of America Corp DE raised its position in shares of BlackSky Technology by 156.1% in the 1st 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 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 timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky’s offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.