Insider Selling: BlackSky Technology Inc. (NYSE:BKSY) SVP Sells $20,309.55 in Stock

BlackSky Technology Inc. (NYSE:BKSY) SVP Tracy Ward sold 1,907 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $20,309.55. Following the sale, the senior vice president now directly owns 31,886 shares in the company, valued at approximately $339,585.90. The trade was a 5.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BlackSky Technology Stock Performance

BKSY opened at $10.51 on Friday. BlackSky Technology Inc. has a 12-month low of $3.86 and a 12-month high of $14.16. The company has a market cap of $323.49 million, a price-to-earnings ratio of -4.65 and a beta of 1.15. The company’s 50 day moving average is $8.34 and its 200 day moving average is $8.05. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, November 7th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.05). BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. The firm had revenue of $22.55 million for the quarter, compared to the consensus estimate of $26.93 million. During the same quarter in the previous year, the business posted ($0.96) EPS. On average, equities research analysts predict that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. HC Wainwright dropped their price target on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Craig Hallum raised shares of BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Friday, October 4th. Lake Street Capital raised their price objective on shares of BlackSky Technology from $4.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Oppenheimer started coverage on shares of BlackSky Technology in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, BlackSky Technology currently has an average rating of “Buy” and a consensus price target of $17.60.

Institutional Investors Weigh In On BlackSky Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in BlackSky Technology by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after acquiring an additional 800,287 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in BlackSky Technology during the 3rd quarter worth approximately $3,674,000. Perkins Capital Management Inc. bought a new stake in shares of BlackSky Technology during the third quarter valued at approximately $1,114,000. Squarepoint Ops LLC bought a new stake in shares of BlackSky Technology during the second quarter valued at approximately $295,000. Finally, LA Financiere DE L Echiquier raised its position in shares of BlackSky Technology by 13.6% during the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after buying an additional 112,000 shares during the last quarter. Institutional investors own 27.15% of the company’s stock.

About BlackSky Technology

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.