BlackSky Technology (NYSE:BKSY) Sees Unusually-High Trading Volume - What's Next?

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 530,284 shares traded hands during trading, an increase of 155% from the previous session's volume of 208,091 shares.The stock last traded at $6.30 and had previously closed at $6.41.

Analyst Ratings Changes

BKSY has been the topic of a number of recent research reports. Lake Street Capital upped their price target on shares of BlackSky Technology from $4.00 to $32.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Oppenheimer initiated coverage on shares of BlackSky Technology in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $10.00 price target on the stock. HC Wainwright decreased their price target on shares of BlackSky Technology from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. Finally, Craig Hallum raised shares of BlackSky Technology from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a research note on Friday, October 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, BlackSky Technology has a consensus rating of "Buy" and an average price target of $17.60.

BlackSky Technology Trading Down 1.1 %

The firm has a market cap of $930.90 million, a PE ratio of -16.68 and a beta of 0.97. 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 company's 50 day moving average price is $6.88 and its two-hundred day moving average price is $8.23.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, beating 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 business had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.14 million. During the same quarter in the prior year, the firm posted ($1.92) earnings per share. As a group, sell-side analysts forecast that BlackSky Technology Inc. will post -2.33 EPS for the current year.

Insider Transactions at BlackSky Technology

In other news, CFO Henry Edward Dubois sold 23,590 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 $169,612.10. Following the transaction, the chief financial officer now directly 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 is accessible through the SEC website. In other BlackSky Technology news, CFO Henry Edward Dubois sold 23,590 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $169,612.10. Following the transaction, the chief financial officer now directly owns 231,645 shares in the company, valued at $1,665,527.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christiana L. Lin sold 13,031 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $93,692.89. Following the transaction, the chief accounting officer now directly owns 190,775 shares in the company, valued at $1,371,672.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,362 shares of company stock worth $446,535. Insiders own 3.16% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BKSY. Vanguard Group Inc. increased its position in BlackSky Technology by 17.8% during the 1st 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. Squarepoint Ops LLC purchased a new position in shares of BlackSky Technology in the 2nd quarter worth approximately $295,000. GSA Capital Partners LLP grew its position in shares of BlackSky Technology by 123.8% in the 1st quarter. GSA Capital Partners LLP now owns 315,900 shares of the company's stock worth $430,000 after buying an additional 174,773 shares during the last quarter. LA Financiere DE L Echiquier grew its position in shares of BlackSky Technology by 13.6% in the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company's stock worth $998,000 after buying an additional 112,000 shares during the last quarter. Finally, Virtu Financial LLC grew its position in shares of BlackSky Technology by 134.5% in the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company's stock worth $198,000 after buying an additional 83,462 shares during the last quarter. Hedge funds and other institutional investors own 27.15% of the company's stock.

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.