BlackSky Technology (NYSE:BKSY) Stock: Insider Brian O’toole Sells 20,000 Shares

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian O’toole sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $16.86, for a total value of $337,200.00. Following the transaction, the chief executive officer directly owned 1,023,396 shares in the company, valued at approximately $17,254,456.56. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackSky Technology Trading Up 5.3%

BKSY stock opened at $17.58 on Friday. BlackSky Technology Inc. has a twelve month low of $12.41 and a twelve month high of $52.88. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94. The firm’s fifty day simple moving average is $21.96 and its two-hundred day simple moving average is $28.84.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.16). The firm had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. Analysts predict that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.

Institutional Investors Weigh In On BlackSky Technology

Several hedge funds have recently made changes to their positions in BKSY. Sterling Capital Management LLC boosted its position in BlackSky Technology by 935.6% during the 3rd quarter. Sterling Capital Management LLC now owns 1,222 shares of the company’s stock valued at $26,000 after acquiring an additional 1,104 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of BlackSky Technology in the 1st quarter worth $48,000. State of Alaska Department of Revenue purchased a new stake in shares of BlackSky Technology during the 3rd quarter worth $41,000. Vontobel Holding Ltd. boosted its position in BlackSky Technology by 20.0% during the third quarter. Vontobel Holding Ltd. now owns 11,939 shares of the company’s stock valued at $254,000 after purchasing an additional 1,992 shares in the last quarter. Finally, Griffin Asset Management Inc. boosted its position in BlackSky Technology by 5.8% during the first quarter. Griffin Asset Management Inc. now owns 57,375 shares of the company’s stock valued at $1,444,000 after purchasing an additional 3,125 shares in the last quarter. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about BlackSky Technology

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

• Positive Sentiment: BlackSky won an expanded, seven-figure Gen-3 Assured contract with an international defense partner. The agreement supports demand for BlackSky’s satellite imagery and analytics and could improve visibility into future revenue, although the customer and exact contract value were not disclosed. BlackSky Wins Expanded Seven-Figure Gen-3 Assured Contract with International Defense Partner
• Neutral Sentiment: Analyst commentary comparing BlackSky with Planet Labs highlights growing demand for satellite imagery and AI-driven analytics. The comparison reportedly favors Planet Labs on financial strength and growth prospects, limiting the bullish read-through for BKSY. Planet Labs vs. BlackSky: Which Space Stock Is the Better Pick?
• Negative Sentiment: BlackSky insiders sold a combined 30,000 shares worth approximately $505,760: CEO Brian O’Toole sold 20,000 shares, CFO Henry Dubois sold 4,000, and Chief Accounting Officer Christiana Lin sold 6,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial stake, which reduces—but does not eliminate—the negative signal. BlackSky Technology Insider Sold Shares Worth $337,200, According to a Recent SEC Filing
• Negative Sentiment: BlackSky’s latest reported quarter showed a $0.54 loss per share, wider than the expected $0.38 loss. Although revenue exceeded forecasts, the company remains unprofitable, with a negative net margin and analysts expecting a full-year loss.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research note on Thursday, October 15th. 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 note on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BlackSky Technology has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

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.