AWM Investment Company Inc. trimmed its stake in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,652,208 shares of the company's stock after selling 160,000 shares during the quarter. BlackSky Technology accounts for 3.5% of AWM Investment Company Inc.'s portfolio, making the stock its 4th largest holding. AWM Investment Company Inc. owned approximately 8.62% of BlackSky Technology worth $28,617,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its holdings in BlackSky Technology by 115.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company's stock valued at $28,000 after purchasing an additional 1,406 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in BlackSky Technology by 22.7% during the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company's stock valued at $40,000 after purchasing an additional 683 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in BlackSky Technology during the fourth quarter valued at approximately $44,000. CIBC Private Wealth Group LLC acquired a new stake in BlackSky Technology during the fourth quarter valued at approximately $76,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of BlackSky Technology in the 4th quarter worth approximately $84,000. 27.15% of the stock is owned by institutional investors and hedge funds.
BlackSky Technology Trading Up 0.7%
NYSE:BKSY traded up $0.08 during trading hours on Friday, hitting $10.83. 789,929 shares of the stock were exchanged, compared to its average volume of 866,848. The company's 50 day moving average is $8.83 and its two-hundred day moving average is $10.87. BlackSky Technology Inc. has a twelve month low of $3.86 and a twelve month high of $21.92. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $342.79 million, a P/E ratio of -4.79 and a beta of 1.74.
BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.05. BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. The firm had revenue of $29.54 million for the quarter, compared to the consensus estimate of $27.20 million. On average, sell-side analysts anticipate that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently commented on BKSY shares. Benchmark boosted 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. Oppenheimer boosted their target price on BlackSky Technology from $10.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. HC Wainwright reissued a "buy" rating and issued a $20.00 target price on shares of BlackSky Technology in a report on Friday, March 7th. Finally, Canaccord Genuity Group started coverage on BlackSky Technology in a report on Thursday, April 10th. They issued a "buy" rating and a $12.00 target price on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $20.33.
Get Our Latest Analysis on BlackSky Technology
BlackSky Technology Profile
(
Free Report)
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.
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