10 Small–Cap Stocks Insiders Are Selling Recently

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1. BlackSky Technology Inc. (NYSE:BKSY)

Number of insiders selling: 10

Market capitalization: $512.161M

BlackSky Technology is a technology company that offers geospatial intelligence, imagery and related data analytic products and services. It is also one of the Top 10 AI Stocks to Watch Amid US-China AI War. The company’s Spectra software platform processes various observations from its satellite constellation and other external data sources, such as imaging, radar and radio frequency satellites.

In February, BlackSky Technology announced it had signed a multi-year contract with geospatial intelligence fusion specialist Emerging Dynamics. Under this deal, the company will be able to provide satellite imagery services for defense clients worldwide.

The company also recently confirmed it has secured multi-year contracts with a combined value of eight figures to provide India with advanced Earth observation capabilities.

In December, 10 insiders sold approximately $274,269 worth of BlackSky shares at a price of $10.65 per share. Out of the total amount, the company’s President and CEO, Brian E. O’Toole, sold 7,020 shares, reducing his ownership to 691,909 shares.

Five Wall Street analysts have a “Buy” rating on BlackSky Technology stock, while the 12-month stock price target is $19.20. The stock is currently trading at $17.76 per share, having gained 64.60% since the beginning of the year.

Overall, BKSY is first among the 10 small-cap stocks insiders are buying recently. While we acknowledge the potential of BKSY, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BKSY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

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