Key Points
- BlackSky CFO Henry Dubois sold 4,000 shares at an average price of $22.97, generating $91,880. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 478,931 shares.
- BlackSky reported quarterly revenue of $33.32 million, ahead of estimates, but its loss of $0.54 per share was wider than expected. The company posted negative margins and analysts forecast a full-year loss of $1.09 per share.
- Analyst sentiment is mixed but averages to a “Moderate Buy”, with a consensus price target of $39.33 versus the stock’s opening price of $23.20. Institutional investors own 27.15% of the company.
BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CFO Henry Dubois sold 4,000 shares of the business's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $22.97, for a total transaction of $91,880.00. Following the transaction, the chief financial officer directly owned 478,931 shares in the company, valued at approximately $11,001,045.07. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Henry Edward Dubois also recently made the following trade(s):
- On Friday, September 11th, Henry Dubois sold 15,225 shares of BlackSky Technology stock. The stock was sold at an average price of $20.95, for a total transaction of $318,963.75.
- On Friday, August 28th, Henry Dubois sold 4,000 shares of BlackSky Technology stock. The shares were sold at an average price of $23.78, for a total transaction of $95,120.00.
BlackSky Technology Price Performance
BKSY stock opened at $23.20 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72. BlackSky Technology Inc. has a 1 year low of $12.41 and a 1 year high of $52.88. The firm has a 50-day moving average of $24.16 and a 200 day moving average of $29.74. The company has a market cap of $949.26 million, a P/E ratio of -12.75 and a beta of 2.61.
BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.16). The firm had revenue of $33.32 million for 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%. On average, sell-side analysts forecast that BlackSky Technology Inc. will post -1.09 EPS for the current year.
Wall Street Analyst Weigh In
BKSY has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of BlackSky Technology in a research report on Friday, July 17th. Clear Str raised shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Wall Street Zen upgraded shares of BlackSky Technology from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Finally, Jefferies Financial Group raised shares of BlackSky Technology to a "hold" rating in a research note on Wednesday, June 10th. One equities research 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 stock. According to data from MarketBeat.com, BlackSky Technology currently has an average rating of "Moderate Buy" and a consensus price target of $39.33.
Check Out Our Latest Report on BKSY
Hedge Funds Weigh In On BlackSky Technology
Hedge funds have recently bought and sold shares of the company. Tema ETFs LLC increased its stake in BlackSky Technology by 110,505.8% during the 2nd quarter. Tema ETFs LLC now owns 1,446,724 shares of the company's stock valued at $40,393,000 after purchasing an additional 1,445,416 shares in the last quarter. Tidal Investments LLC bought a new position in shares of BlackSky Technology in the second quarter worth approximately $39,289,000. AWM Investment Company Inc. purchased a new stake in shares of BlackSky Technology during the second quarter valued at approximately $33,504,000. Daiwa Securities Group Inc. purchased a new stake in shares of BlackSky Technology during the fourth quarter valued at approximately $16,395,000. Finally, Bank of America Corp DE increased its holdings in shares of BlackSky Technology by 156.1% in the 1st quarter. Bank of America Corp DE now owns 412,891 shares of the company's stock worth $10,388,000 after purchasing an additional 251,638 shares in the last quarter. Institutional investors own 27.15% of the company's stock.
About BlackSky Technology
(
Get Free Report)
BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.
BlackSky's offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.
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