BlackSky Technology (NYSE:BKSY) Shares Gap Up Following Analyst Upgrade

BlackSky Technology Inc. (NYSE:BKSY) shares gapped up prior to trading on Tuesday after HC Wainwright raised their price target on the stock from $12.00 to $20.00. The stock had previously closed at $15.19, but opened at $15.94. HC Wainwright currently has a buy rating on the stock. BlackSky Technology shares last traded at $17.52, with a volume of 665,340 shares changing hands.

Insider Buying and Selling

In other BlackSky Technology news, CFO Henry Edward Dubois sold 7,938 shares of the business’s 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 owns 420,779 shares in the company, valued at approximately $4,481,296.35. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christiana L. Lin sold 5,550 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $59,107.50. Following the completion of the transaction, the chief accounting officer now owns 354,143 shares of the company’s stock, valued at approximately $3,771,622.95. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,086 shares of company stock worth $245,866 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of BlackSky Technology

Several large investors have recently added to or reduced their stakes in BKSY. LexAurum Advisors LLC purchased a new position in BlackSky Technology during the 4th quarter valued at about $108,000. SG Americas Securities LLC acquired a new stake in shares of BlackSky Technology during the fourth quarter worth approximately $111,000. Capital Investment Counsel Inc acquired a new stake in shares of BlackSky Technology during the fourth quarter worth approximately $129,000. Rhumbline Advisers grew its position in BlackSky Technology by 98.5% during the fourth quarter. Rhumbline Advisers now owns 31,446 shares of the company’s stock valued at $339,000 after purchasing an additional 15,607 shares in the last quarter. Finally, Griffin Asset Management Inc. purchased a new stake in BlackSky Technology in the 4th quarter worth approximately $196,000. 27.15% of the stock is owned by institutional investors and hedge funds.

BlackSky Technology Stock Up 17.3 %

The business’s 50 day simple moving average is $11.54 and its 200-day simple moving average is $8.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. The company has a market cap of $548.20 million, a price-to-earnings ratio of -7.88 and a beta of 1.20.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.66) earnings per share (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 firm had revenue of $22.55 million for the quarter, compared to analyst estimates of $26.93 million. During the same period in the previous year, the business posted ($0.96) EPS. Sell-side analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

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.