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Don't Ignore The Fact That This Insider Just Sold Some Shares In BlackSky Technology Inc. (NYSE:BKSY)
We'd be surprised if BlackSky Technology Inc. (NYSE:BKSY) shareholders haven't noticed that an insider, Brian O'Toole, recently sold US$106k worth of stock at US$1.40 per share. However, the silver lining is that the sale only reduced their total holding by 2.6%, so we're hesitant to read anything much into it, on its own.
See our latest analysis for BlackSky Technology
The Last 12 Months Of Insider Transactions At BlackSky Technology
In fact, the recent sale by Brian O'Toole was the biggest sale of BlackSky Technology shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$1.32. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
In the last year BlackSky Technology insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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Insider Ownership Of BlackSky Technology
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that BlackSky Technology insiders own about US$9.6m worth of shares (which is 5.4% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At BlackSky Technology Tell Us?
Insiders sold BlackSky Technology shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 2 warning signs for BlackSky Technology that deserve your attention before buying any shares.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
BlackSky Technology Inc. provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operations of satellite and ground systems to government and commercial customers in North America, the Middle East, Asia, and internationally.
Excellent balance sheet with high growth potential.