Insider Selling: BlackSky Technology Inc. (NYSE:BKSY) CAO Sells $93,692.89 in Stock

BlackSky Technology Inc. (NYSE:BKSY) CAO Christiana L. Lin sold 13,031 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 transaction of $93,692.89. Following the sale, the chief accounting officer now owns 190,775 shares in the company, valued at $1,371,672.25. The sale was disclosed in a filing with the SEC, which is available at this link.

BlackSky Technology Stock Down 3.9 %

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

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.24. The company had revenue of $24.94 million for the quarter, compared to analysts’ expectations of $25.14 million. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. During the same period in the prior year, the firm earned ($1.92) earnings per share. Equities research analysts forecast that BlackSky Technology Inc. will post -2.59 EPS for the current fiscal year.

Institutional Trading of BlackSky Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in shares of BlackSky Technology during the 2nd quarter valued at $295,000. LA Financiere DE L Echiquier grew its position in 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 purchasing an additional 112,000 shares during the last quarter. Virtu Financial LLC lifted its stake 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 acquiring an additional 83,462 shares during the period. Vanguard Group Inc. lifted its stake in shares of BlackSky Technology by 17.8% in 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. Finally, GSA Capital Partners LLP lifted 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 valued at $430,000 after purchasing an additional 174,773 shares during the last quarter. 27.15% of the stock is owned by hedge funds and other institutional investors.

About BlackSky Technology

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.