Key Points
- BlackSky CFO Henry Edward Dubois sold 4,000 shares at an average price of $23.78, totaling $95,120. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his position by 0.80% to 498,156 shares.
- BlackSky reported a quarterly loss of $0.54 per share, missing the $0.38 consensus estimate, although revenue of $33.32 million exceeded expectations. The company maintains negative profitability metrics, including a 61.24% net margin.
- Analyst sentiment is mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $39.33. Institutional investors own 27.15% of the company after several funds increased or initiated positions.
BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CFO Henry Edward Dubois sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $23.78, for a total value of $95,120.00. Following the completion of the sale, the chief financial officer directly owned 498,156 shares in the company, valued at $11,846,149.68. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BlackSky Technology Stock Performance
Shares of NYSE BKSY opened at $23.07 on Tuesday. BlackSky Technology Inc. has a 12 month low of $12.41 and a 12 month high of $52.88. The company has a market cap of $944.02 million, a P/E ratio of -12.68 and a beta of 2.61. The business's 50 day moving average is $25.73 and its two-hundred day moving average is $29.68. The company has a quick ratio of 5.72, a current ratio of 5.83 and a debt-to-equity ratio of 0.94.
BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.16). The business had revenue of $33.32 million during 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%. On average, equities analysts expect that BlackSky Technology Inc. will post -1.27 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its holdings in BlackSky Technology by 3,612.6% during the 2nd quarter. California State Teachers Retirement System now owns 976,055 shares of the company's stock worth $27,251,000 after acquiring an additional 949,765 shares during the last quarter. Jasper Ridge Partners L.P. bought a new position in shares of BlackSky Technology in the second quarter worth about $2,087,000. AWM Investment Company Inc. acquired a new position in shares of BlackSky Technology during the second quarter worth approximately $33,504,000. Tema ETFs LLC lifted its position in shares of BlackSky Technology by 110,505.8% during the second quarter. Tema ETFs LLC now owns 1,446,724 shares of the company's stock worth $40,393,000 after purchasing an additional 1,445,416 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its position in shares of BlackSky Technology by 323.0% during the second quarter. FNY Investment Advisers LLC now owns 21,891 shares of the company's stock worth $611,000 after purchasing an additional 16,716 shares in the last quarter. Institutional investors and hedge funds own 27.15% of the company's stock.
Analyst Upgrades and Downgrades
BKSY has been the subject of a number of research reports. Clear Str raised shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Weiss Ratings restated a "sell (d-)" rating on shares of BlackSky Technology in a report on Friday, July 17th. Jefferies Financial Group raised BlackSky Technology to a "hold" rating in a report on Wednesday, June 10th. Finally, Wall Street Zen upgraded BlackSky Technology from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.33.
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About BlackSky Technology
(
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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.
Further Reading
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