Henry Edward Dubois Sells 7,938 Shares of BlackSky Technology Inc. (NYSE:BKSY) Stock

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) CFO Henry Edward Dubois sold 7,938 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $84,539.70. Following the completion of the sale, the chief financial officer now owns 420,779 shares of the company's stock, valued at $4,481,296.35. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BlackSky Technology Trading Down 0.3 %

Shares of NYSE:BKSY traded down $0.03 during midday trading on Friday, reaching $10.51. 446,665 shares of the company's stock were exchanged, compared to its average volume of 337,777. The stock has a market cap of $323.49 million, a price-to-earnings ratio of -4.65 and a beta of 1.15. BlackSky Technology Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $14.16. The firm's 50 day simple moving average is $8.34 and its two-hundred day simple moving average is $8.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $26.93 million. During the same quarter in the prior year, the business earned ($0.96) earnings per share. As a group, sell-side analysts forecast that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BKSY. Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology in the 2nd quarter valued at $295,000. Perkins Capital Management Inc. acquired a new position in BlackSky Technology in the 3rd quarter valued at about $1,114,000. Thompson Siegel & Walmsley LLC purchased a new stake in BlackSky Technology during the third quarter worth about $3,674,000. Finally, Vanguard Group Inc. lifted its position in shares of BlackSky Technology by 17.8% during the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company's stock worth $7,197,000 after purchasing an additional 800,287 shares in the last quarter. 27.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on BKSY. Oppenheimer initiated coverage on BlackSky Technology in a report on Wednesday, October 2nd. They set an "outperform" rating and a $10.00 price target on the stock. HC Wainwright cut 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 report on Wednesday, October 16th. Lake Street Capital boosted their target price 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, Craig Hallum raised shares of BlackSky Technology from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a research note on Friday, October 4th. Five 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.

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.