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

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Edward Dubois sold 7,938 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $84,539.70. Following the sale, the chief financial officer now directly owns 420,779 shares in the company, valued at approximately $4,481,296.35. This represents a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

BlackSky Technology Price Performance

Shares of BKSY stock traded up $0.12 during trading on Friday, hitting $10.66. The company had a trading volume of 52,161 shares, compared to its average volume of 336,067. The stock’s 50-day moving average is $8.24 and its two-hundred day moving average is $8.04. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $14.16. 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) last posted its earnings results on Thursday, November 7th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.05). The company had revenue of $22.55 million during the quarter, compared to analysts’ expectations of $26.93 million. BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. During the same period in the prior year, the business posted ($0.96) earnings per share. Research analysts predict that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

Institutional Trading of BlackSky Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of BKSY. Vanguard Group Inc. grew its holdings 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 last quarter. Thompson Siegel & Walmsley LLC acquired a new position in BlackSky Technology during the 3rd quarter valued at approximately $3,674,000. Squarepoint Ops LLC acquired a new position in shares of BlackSky Technology in the second quarter worth about $295,000. Finally, Perkins Capital Management Inc. purchased a new position in shares of BlackSky Technology during the 3rd quarter valued at approximately $1,114,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Craig Hallum upgraded BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Friday, October 4th. HC Wainwright reduced their target price on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Oppenheimer started coverage on shares of BlackSky Technology in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 target price on the stock. Finally, Lake Street Capital boosted their price objective on shares of BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $17.60.

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.