BlackSky (BKSY) jumps 10.2% as investors refocus on recent contract wins and raised 2026 outlook

BlackSky Technology Inc. (BKSY) is up 10.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to renewed buying after a cluster of recent company updates highlighted stronger contract momentum and a higher 2026 outlook. With BlackSky’s shares often volatile, follow-through interest after these announcements can amplify daily gains.

Details:

BlackSky’s May 7, 2026 quarterly update highlighted new contract wins valued up to $160 million and included higher full-year 2026 guidance ranges for revenue and Adjusted EBITDA.

In late April, the company announced a nearly $30 million, one-year Assured contract from an international defense customer, described as its largest annual Assured contract to date.

BlackSky also disclosed a separate $25 million, multi-year Assured contract with a major international defense customer focused on Gen-3 imagery access and AI-enabled analytics.

In late March, the company announced a multi-year, sole-source $99 million U.S. government IDIQ contract for advanced next-generation capabilities, which may have helped support sentiment around longer-term demand.

Sources:

BlackSky Investor Relations, SEC, Nasdaq

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$BKSY Insider Trading Activity

$BKSY insiders have traded $BKSY stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $BKSY stock by insiders over the last 6 months:

BRIAN E O'TOOLE (CEO and President) sold 13,416 shares for an estimated $258,526
HENRY EDWARD DUBOIS (Chief Financial Officer) sold 12,912 shares for an estimated $248,814
CHRISTIANA L LIN (General Counsel & CAO) sold 10,388 shares for an estimated $200,176
TRACY WARD (SVP & Controller) sold 700 shares for an estimated $13,489

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$BKSY Hedge Fund Activity

We have seen 103 institutional investors add shares of $BKSY stock to their portfolio, and 81 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

DRIEHAUS CAPITAL MANAGEMENT LLC removed 1,320,663 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $24,762,431
MILLENNIUM MANAGEMENT LLC removed 412,035 shares (-43.1%) from their portfolio in Q1 2026, for an estimated $10,366,800
PORTOLAN CAPITAL MANAGEMENT, LLC removed 389,802 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $7,308,787
DIVISADERO STREET CAPITAL MANAGEMENT, LP removed 365,910 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $6,860,812
RAYMOND JAMES FINANCIAL INC added 315,484 shares (+1231.9%) to their portfolio in Q1 2026, for an estimated $7,937,577
NUVEEN, LLC added 315,382 shares (+385.9%) to their portfolio in Q1 2026, for an estimated $7,935,011
JPMORGAN CHASE & CO removed 254,294 shares (-67.3%) from their portfolio in Q4 2025, for an estimated $4,768,012

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$BKSY Analyst Ratings

Wall Street analysts have issued reports on $BKSY in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Jefferies issued a "Buy" rating on 12/22/2025

To track analyst ratings and price targets for $BKSY, check out Quiver Quantitative's $BKSY forecast page.

$BKSY Price Targets

Multiple analysts have issued price targets for $BKSY recently. We have seen 3 analysts offer price targets for $BKSY in the last 6 months, with a median target of $26.0.

Here are some recent targets:

Scott Buck from HC Wainwright & Co. set a target price of $42.0 on 02/27/2026
Austin Moeller from Canaccord Genuity set a target price of $26.0 on 02/27/2026
An analyst from Jefferies set a target price of $23.0 on 12/22/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.