16,486 Shares in BlackSky Technology Inc. $BKSY Purchased by American Century Companies Inc.

American Century Companies Inc. bought a new position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,486 shares of the company's stock, valued at approximately $127,000. American Century Companies Inc. owned approximately 0.05% of BlackSky Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Two Sigma Investments LP purchased a new position in shares of BlackSky Technology during the 4th quarter worth about $1,219,000. Northern Trust Corp raised its holdings in shares of BlackSky Technology by 89.1% during the 4th quarter. Northern Trust Corp now owns 202,153 shares of the company's stock valued at $2,181,000 after buying an additional 95,228 shares during the period. Oppenheimer & Co. Inc. grew its stake in BlackSky Technology by 215.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 80,638 shares of the company's stock valued at $623,000 after purchasing an additional 55,067 shares in the last quarter. Nuveen Asset Management LLC grew its stake in BlackSky Technology by 20.5% during the 4th quarter. Nuveen Asset Management LLC now owns 72,890 shares of the company's stock valued at $786,000 after purchasing an additional 12,378 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BlackSky Technology by 93.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,159 shares of the company's stock valued at $153,000 after purchasing an additional 6,835 shares in the last quarter. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

BlackSky Technology Stock Performance

Shares of NYSE:BKSY traded down $0.72 during trading on Wednesday, reaching $15.60. 1,584,271 shares of the stock were exchanged, compared to its average volume of 1,598,110. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 1.35. BlackSky Technology Inc. has a 12 month low of $3.86 and a 12 month high of $28.85. The stock has a 50-day moving average price of $19.44 and a 200-day moving average price of $13.75. The firm has a market cap of $553.36 million, a PE ratio of -4.64 and a beta of 2.15.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.03). The company had revenue of $22.20 million for the quarter, compared to the consensus estimate of $22.17 million. BlackSky Technology had a negative return on equity of 52.27% and a negative net margin of 82.04%. BlackSky Technology has set its FY 2025 guidance at EPS. Research analysts expect that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

Analysts Set New Price Targets

BKSY has been the subject of several research reports. Canaccord Genuity Group decreased their target price on BlackSky Technology from $28.00 to $27.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Benchmark lifted their target price on BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Lake Street Capital lifted their price target on BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen downgraded BlackSky Technology from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 9th. Finally, HC Wainwright upped their price target on BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $23.50.

BlackSky Technology 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.