BlackSky Technology (BKSY) Projected to Post Quarterly Earnings on Wednesday

BlackSky Technology (NYSE:BKSY) is projected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.28) per share and revenue of $34.23 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

BlackSky Technology Stock Up 11.3 %

BlackSky Technology stock opened at $18.73 on Wednesday. The company has a market capitalization of $576.42 million, a P/E ratio of -8.29 and a beta of 1.20. The firm’s fifty day simple moving average is $12.63 and its 200-day simple moving average is $9.44. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. BlackSky Technology has a 1-year low of $3.86 and a 1-year high of $20.50.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price target on shares of BlackSky Technology from $12.00 to $20.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.20.

Insider Activity at BlackSky Technology

In related news, CFO Henry Edward Dubois sold 7,938 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $84,539.70. Following the transaction, the chief financial officer now directly owns 420,779 shares in the company, valued at approximately $4,481,296.35. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Christiana L. Lin sold 5,550 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $59,107.50. Following the completion of the sale, the chief accounting officer now owns 354,143 shares in the company, valued at $3,771,622.95. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,086 shares of company stock worth $245,866. 4.50% of the stock is owned by insiders.

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.