BlackSky Technology (NYSE:BKSY) Hits New 1-Year High – Still a Buy?

BlackSky Technology Inc. (NYSE:BKSY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $18.30 and last traded at $17.81, with a volume of 2975155 shares trading hands. The stock had previously closed at $15.19.

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised their price target on shares of BlackSky Technology from $12.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BlackSky Technology has a consensus rating of “Buy” and an average price target of $19.20.

BlackSky Technology Trading Down 5.8 %

The firm’s fifty day simple moving average is $11.67 and its two-hundred day simple moving average is $8.98. 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 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 during the quarter, compared to analyst estimates of $26.93 million. During the same period in the previous year, the company earned ($0.96) EPS. Equities analysts expect that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

Insider Buying and Selling at BlackSky Technology

In other news, CEO Brian E. O’toole sold 7,020 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $74,763.00. Following the sale, the chief executive officer now owns 691,909 shares of the company’s stock, valued at approximately $7,368,830.85. This represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Henry Edward Dubois sold 7,938 shares of the stock in a transaction dated 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 directly owns 420,779 shares in the company, valued at $4,481,296.35. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,086 shares of company stock valued at $245,866 over the last quarter. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BKSY. Thompson Siegel & Walmsley LLC acquired a new stake in BlackSky Technology during the 3rd quarter worth $3,674,000. Squarepoint Ops LLC acquired a new stake in shares of BlackSky Technology during the second quarter worth $295,000. Perkins Capital Management Inc. purchased a new stake in shares of BlackSky Technology in the third quarter valued at about $1,114,000. Patriot Financial Group Insurance Agency LLC acquired a new position in BlackSky Technology during the 4th quarter worth approximately $1,297,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in BlackSky Technology by 98.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 189,157 shares of the company’s stock worth $2,041,000 after acquiring an additional 93,715 shares during the period. 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.