Brian E. O’toole Sells 7,020 Shares of BlackSky Technology Inc. (NYSE:BKSY) Stock

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian E. O’toole sold 7,020 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $74,763.00. Following the sale, the chief executive officer now directly owns 691,909 shares in the company, valued at $7,368,830.85. The trade was a 1.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BlackSky Technology Stock Performance

Shares of NYSE BKSY traded down $0.57 during midday trading on Thursday, hitting $10.54. 538,119 shares of the company’s stock traded hands, compared to its average volume of 337,323. The firm has a fifty day moving average of $8.13 and a 200 day moving average of $8.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. The stock has a market capitalization of $324.41 million, a price-to-earnings ratio of -4.92 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.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.66) earnings per share 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 company had revenue of $22.55 million for the quarter, compared to analysts’ expectations of $26.93 million. During the same period in the previous year, the firm earned ($0.96) earnings per share. On average, analysts forecast that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Craig Hallum upgraded BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, October 4th. HC Wainwright reduced their price objective on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Lake Street Capital increased their price target on shares of BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Oppenheimer assumed coverage on shares of BlackSky Technology in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, BlackSky Technology presently has a consensus rating of “Buy” and a consensus target price of $17.60.

Institutional Investors Weigh In On BlackSky Technology

Large investors have recently made changes to their positions in the company. LA Financiere DE L Echiquier increased its position in BlackSky Technology by 13.6% in the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after purchasing an additional 112,000 shares during the last quarter. Perkins Capital Management Inc. bought a new position in shares of BlackSky Technology in the 3rd quarter valued at about $1,114,000. Squarepoint Ops LLC purchased a new position in BlackSky Technology in the second quarter worth about $295,000. Thompson Siegel & Walmsley LLC bought a new stake in BlackSky Technology during the third quarter worth approximately $3,674,000. Finally, Vanguard Group Inc. raised its position in BlackSky Technology by 17.8% during the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after purchasing an additional 800,287 shares during the period. 27.15% of the stock is owned by institutional investors.

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.