BlackSky Technology (NYSE:BKSY) Sets New 12-Month High - Here's What Happened

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.38 and last traded at $16.97, with a volume of 2172893 shares. The stock had previously closed at $13.16.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BKSY shares. HC Wainwright lowered their price target on BlackSky Technology from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Craig Hallum upgraded shares of BlackSky Technology from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a report on Friday, October 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BlackSky Technology presently has a consensus rating of "Buy" and a consensus target price of $17.60.

BlackSky Technology Stock Up 10.4 %

The firm has a 50-day moving average of $11.18 and a two-hundred day moving average of $8.75. The company has a market capitalization of $460.98 million, a PE ratio of -6.63 and a beta of 1.16. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $26.93 million. During the same quarter last year, the firm posted ($0.96) earnings per share. Equities research analysts predict that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Insider Transactions at BlackSky Technology

In related news, CAO Christiana L. Lin sold 5,550 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $59,107.50. Following the completion of the sale, the chief accounting officer now owns 354,143 shares in the company, valued at $3,771,622.95. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian E. O'toole sold 7,020 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $74,763.00. Following the completion of the transaction, the chief executive officer now owns 691,909 shares of the company's stock, valued at approximately $7,368,830.85. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,086 shares of company stock worth $245,866 over the last ninety days. Company insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On BlackSky Technology

Several large investors have recently modified their holdings of BKSY. LexAurum Advisors LLC acquired a new position in BlackSky Technology in the 4th quarter valued at $108,000. SG Americas Securities LLC purchased a new stake in shares of BlackSky Technology in the 4th quarter worth about $111,000. Rhumbline Advisers increased its holdings in BlackSky Technology by 98.5% during the 4th quarter. Rhumbline Advisers now owns 31,446 shares of the company's stock valued at $339,000 after acquiring an additional 15,607 shares in the last quarter. Griffin Asset Management Inc. purchased a new stake in shares of BlackSky Technology in the fourth quarter valued at about $196,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in shares of BlackSky Technology during the 4th quarter worth approximately $1,297,000. 27.15% of the stock is owned by institutional investors and hedge funds.

BlackSky Technology Company Profile

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.