BlackSky Technology (NYSE:BKSY) Shares Down 5.1% - Time to Sell?

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) shares traded down 5.1% during mid-day trading on Friday . The company traded as low as $5.91 and last traded at $5.91. 98,251 shares changed hands during trading, a decline of 49% from the average session volume of 191,628 shares. The stock had previously closed at $6.23.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Lake Street Capital boosted their price objective on BlackSky Technology from $4.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Craig Hallum upgraded BlackSky Technology from a "hold" rating to a "buy" rating and set a $10.00 price target on the stock in a research report on Friday, October 4th. Finally, Oppenheimer started coverage on BlackSky Technology in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $10.00 price target on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $19.20.

BlackSky Technology Trading Up 0.6 %

The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19. The company has a market cap of $920.62 million, a price-to-earnings ratio of -16.47 and a beta of 0.97. The business has a 50 day simple moving average of $7.18 and a 200 day simple moving average of $8.52.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.24. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. The business had revenue of $24.94 million for the quarter, compared to analyst estimates of $25.14 million. During the same quarter in the prior year, the firm posted ($1.92) earnings per share. As a group, equities analysts forecast that BlackSky Technology Inc. will post -2.52 EPS for the current year.

Insider Activity

In other news, CFO Henry Edward Dubois sold 23,590 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $169,612.10. Following the transaction, the chief financial officer now owns 231,645 shares of the company's stock, valued at $1,665,527.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Henry Edward Dubois sold 23,590 shares of the company's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $169,612.10. Following the completion of the sale, the chief financial officer now owns 231,645 shares in the company, valued at approximately $1,665,527.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian E. O'toole sold 24,352 shares of the company's 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 owns 479,785 shares of the company's stock, valued at $3,449,654.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,362 shares of company stock valued at $446,535 over the last 90 days. 3.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On BlackSky Technology

Several large investors have recently modified their holdings of the business. Squarepoint Ops LLC bought a new stake in shares of BlackSky Technology in the second quarter worth about $295,000. LA Financiere DE L Echiquier increased its holdings in shares of 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 acquiring an additional 112,000 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of BlackSky Technology by 134.5% in 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 in the last quarter. 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 worth $7,197,000 after acquiring an additional 800,287 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of BlackSky Technology by 123.8% in the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company's stock worth $430,000 after acquiring an additional 174,773 shares in the last quarter. 27.15% of the stock is currently 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.