Recent Insider Activity Suggests Potential Gains for BlackSky Technology Inc. (BKSY)


In a filing, BlackSky Technology Inc. revealed its CEO and President O’Toole Brian E unloaded Company’s shares for reported $0.11 million on Mar 14. In the deal valued at $1.40 per share,75,660 shares were sold. As a result of this transaction, O’Toole Brian E now holds 2,864,450 shares worth roughly $ 3.81 million.

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Then, Dubois Henry Edward sold 7,547 shares, generating $10,566 in total proceeds. Upon selling the shares at $1.40, the Chief Financial Officer now owns 882,775 shares.

Before that, Lin Christiana L sold 4,546 shares. BlackSky Technology Inc. shares valued at $6,364 were divested by the General Counsel & Corp Sec at a price of $1.40 per share. As a result of the transaction, Lin Christiana L now holds 514,792 shares, worth roughly $0.68 million.

Craig Hallum initiated its BlackSky Technology Inc. [BKSY] rating to a Buy in a research note published on Monday, July 06, 2023; the price target was $2.50. PT values the company’s stock at a premium of 46.8 to its Monday closing price.

Price Performance Review of BKSY

On Monday, BlackSky Technology Inc. [NYSE:BKSY] saw its stock fall -0.75% to $1.33. On the same session, the stock had its day’s lowest price of $1.28, but rose to a high of $1.36. Over the last five days, the stock has lost -5.67%. BlackSky Technology Inc. shares have fallen nearly -13.64% since the year began. Nevertheless, the stocks have fallen -40.09% over the past one year. While a 52-week high of $2.37 was reached on 07/03/23, a 52-week low of $1.12 was recorded on 05/03/23. SMA at 50 days reached $1.8166, while 200 days put it at $1.6545. A total of 0.66 million shares were traded, compared to the trading of 1.26 million shares in the previous session.

Levels Of Support And Resistance For BKSY Stock

The 24-hour chart illustrates a support level at 1.2867, which if violated will result in even more drops to 1.2433. On the upside, there is a resistance level at 1.3667. A further resistance level may holdings at 1.4033. The Relative Strength Index (RSI) on the 14-day chart is 32.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1376, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.50%. Stochastics %K at 9.72% indicates the stock is a buying.

How much short interest is there in BlackSky Technology Inc.?

A steep rise in short interest was recorded in BlackSky Technology Inc. stocks on Aug 14, 2023, dropping by -0.23 million shares to a total of 6.76 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.99 million shares. There was a decline of -3.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.62% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.

BlackSky Technology Inc. [BKSY] – Who Are The Largest Shareholders?

In filings from Cercano Management LLC, it is revealed that the company now owns 9,951,809 shares, or roughly 7.14% of the outstanding BKSY shares. Additionally, BlackRock Fund Advisors increased 554.63% of its stake after which the total value it holdings stand at $12,865,344, while The Vanguard Group, Inc. added 14.76% of its stake to hold $8.41 million in the firm. At present, Geode Capital Management LLC is holding 1,957,117 shares valued at $3.89 million. Samlyn Capital LLC owned 1,243,764 shares of the company at the time of its most recent 13F filing, worth $2.48 million.

According to FactSet, BlackSky Technology Inc.’s share price will average $2.85 in the next year, based on opinions of analysts polled by the firm. This is up nearly 105.22 percent from its previous closing price of $1.34. Analysts expect BlackSky Technology Inc. stock to reach the higher price of $4.00, while the lowest price estimate is $2.00. However, 5 analysts have rated BKSY stock as a Buy in their predictions for 2023.


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