BlackSky Technology Inc. (NYSE:BKSY) CEO Brian E. O’toole Sells 24,352 Shares

BlackSky Technology Inc. (NYSE:BKSY) CEO Brian E. O’toole sold 24,352 shares of the stock in a transaction on 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BlackSky Technology Trading Down 3.9 %

Shares of BKSY stock opened at $4.46 on Monday. BlackSky Technology Inc. has a 1-year low of $3.86 and a 1-year high of $14.16. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.41. The stock has a market cap of $654.86 million, a price-to-earnings ratio of -11.74 and a beta of 1.00. The stock has a 50-day moving average of $7.81 and a 200-day moving average of $8.84.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $24.94 million during the quarter, compared to analyst estimates of $25.14 million. During the same quarter last year, the business earned ($1.92) EPS. On average, equities research analysts forecast that BlackSky Technology Inc. will post -2.59 earnings per share for the current year.

Hedge Funds Weigh In On BlackSky Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the company. 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 worth $7,197,000 after acquiring an additional 800,287 shares during the period. Squarepoint Ops LLC bought a new stake in shares of BlackSky Technology during the 2nd quarter valued at about $295,000. GSA Capital Partners LLP grew its stake in BlackSky Technology by 123.8% during the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock worth $430,000 after purchasing an additional 174,773 shares during the period. LA Financiere DE L Echiquier increased its holdings in 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 purchasing an additional 112,000 shares in the last quarter. Finally, Virtu Financial LLC lifted its stake in BlackSky Technology by 134.5% in the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after buying an additional 83,462 shares during the period. Institutional investors and hedge funds 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.