Insider Selling: BlackSky Technology Inc. (NYSE:BKSY) CEO Sells $175,090.88 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian E. O’toole sold 24,352 shares of BlackSky Technology stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $175,090.88. Following the completion of the sale, the chief executive officer now directly owns 479,785 shares in the company, valued at approximately $3,449,654.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BlackSky Technology Stock Down 3.9 %

NYSE:BKSY opened at $4.46 on Monday. BlackSky Technology Inc. has a twelve month low of $3.86 and a twelve month high of $14.16. The firm has a market capitalization of $654.86 million, a price-to-earnings ratio of -11.74 and a beta of 1.00. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.41. The stock’s 50 day moving average price is $7.81 and its two-hundred day moving average price is $8.84.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.24. BlackSky Technology had a negative net margin of 26.78% and a negative return on equity of 56.91%. The firm had revenue of $24.94 million for the quarter, compared to analyst estimates of $25.14 million. During the same period in the prior year, the firm posted ($1.92) earnings per share. Equities research analysts expect that BlackSky Technology Inc. will post -2.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BlackSky Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of BKSY. Vanguard Group Inc. increased its holdings in shares of BlackSky Technology by 17.8% in 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 last quarter. Squarepoint Ops LLC acquired a new position in BlackSky Technology in the 2nd quarter valued at about $295,000. GSA Capital Partners LLP raised its holdings in BlackSky Technology by 123.8% in the 1st quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after acquiring an additional 174,773 shares during the period. LA Financiere DE L Echiquier lifted its position in BlackSky Technology by 13.6% during the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after acquiring an additional 112,000 shares during the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of BlackSky Technology by 134.5% during the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock worth $198,000 after acquiring an additional 83,462 shares during the period. Institutional investors own 27.15% of the company’s stock.

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.