BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Edward Dubois Sells 7,938 Shares of Stock

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Edward Dubois sold 7,938 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $84,539.70. Following the transaction, the chief financial officer now directly owns 420,779 shares of the company’s stock, valued at approximately $4,481,296.35. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BlackSky Technology Stock Performance

BlackSky Technology stock opened at $10.52 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The firm has a market capitalization of $323.80 million, a P/E ratio of -4.65 and a beta of 1.15. BlackSky Technology Inc. has a 1-year low of $3.86 and a 1-year high of $14.16. The company’s 50-day moving average is $8.34 and its 200 day moving average is $8.05.

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 net margin of 38.83% and a negative return on equity of 49.91%. The business had revenue of $22.55 million for the quarter, compared to the consensus estimate of $26.93 million. During the same period in the prior year, the company posted ($0.96) EPS. Research analysts forecast that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Institutional Trading of BlackSky Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of BKSY. Vanguard Group Inc. grew its stake in BlackSky Technology by 17.8% in 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 in the last quarter. Squarepoint Ops LLC purchased a new position in BlackSky Technology during the 2nd quarter worth $295,000. Perkins Capital Management Inc. purchased a new position in BlackSky Technology during the 3rd quarter worth $1,114,000. Finally, Thompson Siegel & Walmsley LLC bought a new stake in BlackSky Technology during the 3rd quarter valued at $3,674,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Analysts Set New Price Targets

BKSY has been the topic of several recent research reports. Craig Hallum raised 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. Oppenheimer assumed coverage on shares of BlackSky Technology in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price objective for the company. HC Wainwright lowered their price target on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Lake Street Capital upped their price objective on BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $17.60.

BlackSky Technology Company Profile

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.