Key Points
- CEO Brian O’Toole sold 20,000 BlackSky shares at an average price of $21.83, generating $436,600. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 1.75% to 1,119,676 shares.
- BlackSky’s stock opened at $20.77 after recently trading down 3.9%; it has a 12-month range of $12.41 to $52.88 and a market capitalization of approximately $850 million.
- The company missed quarterly EPS expectations, reporting a loss of $0.54 per share versus the $0.38 consensus estimate, although revenue of $33.32 million exceeded forecasts. Analysts collectively maintain a “Moderate Buy” rating with a consensus price target of $39.33.
BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CEO Brian O'toole sold 20,000 shares of the business's stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $21.83, for a total value of $436,600.00. Following the completion of the sale, the chief executive officer directly owned 1,119,676 shares in the company, valued at $24,442,527.08. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a 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 Down 3.9%
NYSE BKSY opened at $20.77 on Friday. BlackSky Technology Inc. has a 12 month low of $12.41 and a 12 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 stock's fifty day moving average price is $24.83 and its 200-day moving average price is $29.68. The stock has a market cap of $849.99 million, a P/E ratio of -11.41 and a beta of 2.61.
BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly 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 company had revenue of $33.32 million during the quarter, compared to analysts' expectations of $30.72 million. BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. As a group, equities analysts forecast that BlackSky Technology Inc. will post -1.09 EPS for the current fiscal year.
Institutional Investors Weigh In On BlackSky Technology
Several large investors have recently bought and sold shares of BKSY. Quarry LP bought a new stake in BlackSky Technology in the 4th quarter worth about $26,000. Strive Financial Group LLC bought a new position in BlackSky Technology during the 4th quarter valued at about $26,000. Global Retirement Partners LLC bought a new position in BlackSky Technology during the 4th quarter valued at about $28,000. Wexford Capital LP purchased a new stake in shares of BlackSky Technology during the 3rd quarter valued at about $30,000. Finally, IFP Advisors Inc boosted its holdings in shares of BlackSky Technology by 57.9% during the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company's stock valued at $45,000 after acquiring an additional 826 shares during the last quarter. 27.15% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have issued reports on the stock. Clear Str raised shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Jefferies Financial Group upgraded shares of BlackSky Technology to a "hold" rating in a report on Wednesday, June 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of BlackSky Technology in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of BlackSky Technology from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, BlackSky Technology currently has an average rating of "Moderate Buy" and a consensus price target of $39.33.
View Our Latest Stock Report on BKSY
BlackSky Technology Company Profile
(
Get Free Report)
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.
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