Sidoti Csr Weighs in on BlackSky Technology Inc.’s FY2024 Earnings (NYSE:BKSY)

BlackSky Technology Inc. (NYSE:BKSY) – Equities research analysts at Sidoti Csr upped their FY2024 earnings per share estimates for BlackSky Technology in a report released on Wednesday, September 25th. Sidoti Csr analyst G. Burns now anticipates that the company will post earnings per share of ($2.31) for the year, up from their prior estimate of ($2.46). The consensus estimate for BlackSky Technology’s current full-year earnings is ($2.59) per share. Sidoti Csr also issued estimates for BlackSky Technology’s Q4 2024 earnings at ($0.32) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.36) EPS, Q3 2025 earnings at ($0.32) EPS, Q4 2025 earnings at ($0.19) EPS, FY2025 earnings at ($1.24) EPS, Q1 2026 earnings at ($0.16) EPS, Q2 2026 earnings at ($0.14) EPS and FY2026 earnings at ($0.30) EPS.

BlackSky Technology Price Performance

Shares of NYSE:BKSY opened at $4.46 on Friday. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $14.16. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19. The company’s 50 day simple moving average is $7.90 and its 200 day simple moving average is $8.90.

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, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $25.14 million. During the same period in the prior year, the company posted ($1.92) earnings per share.

Institutional Trading of BlackSky Technology

Large investors have recently bought and sold shares of the business. Virtu Financial LLC boosted its position in shares of BlackSky Technology by 134.5% during the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after purchasing an additional 83,462 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of BlackSky Technology during the 2nd quarter valued at $295,000. GSA Capital Partners LLP boosted 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 acquiring an additional 174,773 shares in the last quarter. LA Financiere DE L Echiquier grew 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 during the period. Finally, Vanguard Group Inc. increased its stake in BlackSky Technology by 17.8% in the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $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 and hedge funds.

Insider Buying and Selling at BlackSky Technology

In other BlackSky Technology news, CEO Brian E. O’toole sold 24,352 shares of BlackSky Technology stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $175,090.88. Following the transaction, the chief executive officer now owns 479,785 shares in the company, valued at $3,449,654.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other BlackSky Technology news, CEO Brian E. O’toole sold 24,352 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $175,090.88. Following the completion of the transaction, the chief executive officer now owns 479,785 shares of the company’s stock, valued at approximately $3,449,654.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Henry Edward Dubois sold 23,590 shares of BlackSky Technology stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $169,612.10. Following the transaction, the chief financial officer now owns 231,645 shares in the company, valued at approximately $1,665,527.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,362 shares of company stock valued at $446,535. 3.16% of the stock is currently owned by corporate insiders.

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.