Insider Selling: BlackSky Technology Inc. (NYSE:BKSY) CFO Sells 23,590 Shares of Stock

BlackSky Technology Inc. (NYSE:BKSY) CFO Henry Edward Dubois sold 23,590 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $169,612.10. Following the transaction, the chief financial officer now owns 231,645 shares of the company’s stock, valued at $1,665,527.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

BlackSky Technology Price Performance

NYSE BKSY traded down $0.18 during trading hours on Friday, reaching $4.46. The company had a trading volume of 752,347 shares, compared to its average volume of 310,206. BlackSky Technology Inc. has a 1-year low of $3.86 and a 1-year high of $14.16. The stock has a 50-day moving average of $7.90 and a 200 day moving average of $8.90. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.41.

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

Hedge Funds Weigh In On BlackSky Technology

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC grew its position in BlackSky Technology by 134.5% in the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after acquiring an additional 83,462 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of BlackSky Technology in the second quarter valued at approximately $295,000. GSA Capital Partners LLP increased its stake in BlackSky Technology by 123.8% during 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. LA Financiere DE L Echiquier lifted its holdings in BlackSky Technology by 13.6% during the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after buying an additional 112,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in BlackSky Technology by 17.8% in 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 during the period. Institutional investors and hedge funds 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.