BlackSky Technology (NYSE:BKSY) Sees Strong Trading Volume

Shares of BlackSky Technology Inc. (NYSE:BKSY) saw strong trading volume on Monday . 122,109 shares traded hands 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 Trading Up 4.3 %

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 moving average price of $7.81 and a 200-day moving average price of $8.82. The company has a market capitalization of $682.76 million, a price-to-earnings ratio of -11.95 and a beta of 1.00.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $25.14 million. During the same period in the previous year, the business posted ($1.92) EPS. Research analysts predict that BlackSky Technology Inc. will post -2.59 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Henry Edward Dubois sold 23,590 shares of the business’s 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 sale, the chief financial officer now owns 231,645 shares in the company, valued at approximately $1,665,527.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Henry Edward Dubois sold 23,590 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 $169,612.10. Following the completion of the transaction, the chief financial officer now directly owns 231,645 shares of the company’s stock, valued at $1,665,527.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian E. O’toole sold 24,352 shares of the business’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 transaction, the chief executive officer now owns 479,785 shares of the company’s stock, valued at $3,449,654.15. The disclosure for this sale can be found here. Insiders sold 62,362 shares of company stock worth $446,535 in the last 90 days. 3.16% of the stock is owned by company insiders.

Institutional Trading of BlackSky Technology

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake 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 worth $7,197,000 after buying an additional 800,287 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of BlackSky Technology during the second quarter worth approximately $295,000. GSA Capital Partners LLP lifted its holdings 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 purchasing an additional 174,773 shares during the last quarter. LA Financiere DE L Echiquier lifted its holdings 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 buying an additional 112,000 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in shares of BlackSky Technology by 134.5% in the first 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 during the period. 27.15% of the stock is currently owned by institutional investors and hedge funds.

BlackSky Technology Company Profile

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.