BlackSky Technology Inc. $BKSY Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lessened its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY) by 15.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 242,215 shares of the company’s stock after selling 43,668 shares during the quarter. Wasatch Advisors LP’s holdings in BlackSky Technology were worth $6,763,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKSY. Bank of New York Mellon Corp increased its position in BlackSky Technology by 392.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,072,543 shares of the company’s stock valued at $38,860,000 after buying an additional 1,652,014 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in BlackSky Technology in the fourth quarter worth about $16,395,000. Goldman Sachs Group Inc. grew its stake in shares of BlackSky Technology by 343.7% during the first 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 during the last quarter. State Street Corp grew its stake in shares of BlackSky Technology by 63.3% during the fourth quarter. State Street Corp now owns 996,019 shares of the company’s stock worth $18,675,000 after acquiring an additional 386,207 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of BlackSky Technology during the fourth quarter valued at about $7,930,000. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

BlackSky Technology Stock Up 7.1%

Shares of BKSY stock opened at $32.02 on Thursday. The stock’s 50-day simple moving average is $27.04 and its 200-day simple moving average is $29.40. The company has a debt-to-equity ratio of 2.39, a quick ratio of 3.34 and a current ratio of 3.46. The firm has a market capitalization of $1.31 billion, a PE ratio of -17.59 and a beta of 2.61. BlackSky Technology Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $52.88.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 68.90% and a negative net margin of 61.24%.The firm had revenue of $33.32 million for the quarter, compared to analyst estimates of $30.72 million. Equities analysts expect that BlackSky Technology Inc. will post -1.27 earnings per share for the current year.

Key BlackSky Technology News

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: BlackSky won a seven-figure, multi-year international contract for combined Assured and On-Demand subscriptions. The expanded agreement follows a successful pilot and includes low-latency Gen-2 and Gen-3 satellite imagery plus AI-enabled analytics, supporting recurring, potentially high-margin revenue. BlackSky Wins Seven-Figure, Multi-Year International Contract
• Positive Sentiment: Clear Street upgraded BlackSky from “hold” to “strong-buy,” adding to the bullish analyst sentiment surrounding the shares.
• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to a loss of $1.09 from a prior loss estimate of $1.20 and lifted its FY2027 forecast to positive earnings of $0.03 from a projected loss of $0.04. The firm also improved several quarterly estimates, suggesting expectations for a faster path toward profitability.
• Positive Sentiment: Investors purchased 6,261 BlackSky call options, 159% above the average daily volume of 2,420 contracts. The activity indicates increased speculative bullish interest, although options trading does not guarantee sustained buying in the stock.
• Neutral Sentiment: A Zacks comparison examined BlackSky’s year-to-date performance against Paymentus and other business-services companies. The item provides sector context but does not identify a new operating catalyst. BlackSky Performance Comparison
• Negative Sentiment: BlackSky continues to post losses, and analysts still expect a substantial full-year EPS loss. The company’s latest reported quarter also missed consensus EPS expectations, highlighting ongoing execution and profitability risks despite stronger revenue and improving forecasts.

Wall Street Analysts Forecast Growth

BKSY has been the subject of several research analyst reports. Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Wall Street Zen downgraded shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research note on Friday, July 17th. Finally, Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday. One research 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 assigned a Sell rating to the company. According to MarketBeat, BlackSky Technology presently has an average rating of “Moderate Buy” and a consensus target price of $39.33.

BlackSky Technology Profile

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.