Insider Selling: BlackSky Technology Inc. (NYSE:BKSY) CAO Sells 13,031 Shares of 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 directly owns 190,775 shares of the company’s stock, valued at approximately $1,371,672.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BlackSky Technology Price Performance

NYSE:BKSY traded down $0.18 during mid-day trading on Friday, hitting $4.46. 752,347 shares of the company traded hands, compared to its average volume of 310,206. The stock’s fifty day moving average price is $7.90 and its 200-day moving average price is $8.90. The company has a debt-to-equity ratio of 1.41, a quick ratio of 4.19 and a current ratio of 4.19. BlackSky Technology Inc. has a one year low of $3.86 and a one year high of $14.16.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.24. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. The company had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.14 million. During the same period in the previous year, the company posted ($1.92) EPS. Analysts predict that BlackSky Technology Inc. will post -2.59 earnings per share for the current year.

Institutional Trading of BlackSky Technology

Several institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC increased its stake in 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 buying an additional 83,462 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of BlackSky Technology in the second quarter worth about $295,000. GSA Capital Partners LLP grew its position in shares of 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 in the last quarter. LA Financiere DE L Echiquier grew its position in shares of BlackSky Technology by 13.6% during 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, Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 800,287 shares in the last quarter. 27.15% of the stock is currently owned by 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.