BlackSky Technology (NYSE:BKSY) Sees Large Volume Increase

Shares of BlackSky Technology Inc. (NYSE:BKSY) saw an uptick in trading volume on Monday . 122,109 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 128,179 shares.The stock last traded at $4.55 and had previously closed at $4.46.

BlackSky Technology Stock Performance

The stock has a market cap of $682.76 million, a price-to-earnings ratio of -11.95 and a beta of 1.00. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.41. The company has a 50 day simple moving average of $7.81 and a 200 day simple moving average of $8.82.

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. As a group, equities research analysts forecast that BlackSky Technology Inc. will post -2.59 EPS for the current year.

Insider Transactions at BlackSky Technology

In other news, CFO Henry Edward Dubois sold 23,590 shares of BlackSky Technology stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $169,612.10. Following the completion of the sale, the chief financial officer now owns 231,645 shares in the company, valued at approximately $1,665,527.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Henry Edward Dubois sold 23,590 shares of BlackSky Technology stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $169,612.10. Following the completion of the transaction, the chief financial officer now directly owns 231,645 shares in the company, valued at approximately $1,665,527.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 62,362 shares of company stock valued at $446,535. Corporate insiders own 3.16% of the company’s stock.

Institutional Trading of BlackSky Technology

Hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new stake in BlackSky Technology during the 2nd quarter valued at $295,000. LA Financiere DE L Echiquier raised 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. Virtu Financial LLC lifted its position in BlackSky Technology by 134.5% during 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. Vanguard Group Inc. boosted its holdings in shares of BlackSky Technology by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after buying an additional 800,287 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in shares of BlackSky Technology by 123.8% in the 1st quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock worth $430,000 after buying an additional 174,773 shares during the period. Institutional investors own 27.15% of the company’s stock.

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.