Bank of America Corp DE grew its position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 156.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 412,891 shares of the company's stock after acquiring an additional 251,638 shares during the period. Bank of America Corp DE owned about 1.11% of BlackSky Technology worth $10,388,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in BlackSky Technology by 392.8% in the fourth quarter. Bank of New York Mellon Corp now owns 2,072,543 shares of the company's stock worth $38,860,000 after purchasing an additional 1,652,014 shares during the period. Vanguard Group Inc. raised its holdings in BlackSky Technology by 7.8% in the third quarter. Vanguard Group Inc. now owns 1,697,683 shares of the company's stock worth $34,208,000 after purchasing an additional 123,171 shares in the last quarter. State Street Corp lifted its position in BlackSky Technology by 63.3% during the fourth quarter. State Street Corp now owns 996,019 shares of the company's stock valued at $18,675,000 after buying an additional 386,207 shares during the period. Daiwa Securities Group Inc. purchased a new position in BlackSky Technology during the fourth quarter valued at $16,395,000. Finally, Geode Capital Management LLC boosted its holdings in shares of BlackSky Technology by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 718,490 shares of the company's stock valued at $13,474,000 after buying an additional 22,695 shares in the last quarter. Institutional investors own 27.15% of the company's stock.
Wall Street Analyst Weigh In
BKSY has been the subject of a number of recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of BlackSky Technology in a research report on Friday, July 17th. Wall Street Zen upgraded shares of BlackSky Technology from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Clear Str raised shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group upgraded shares of BlackSky Technology to a "hold" rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $39.33.
Read Our Latest Stock Report on BlackSky Technology
BlackSky Technology Stock Performance
Shares of BKSY stock opened at $27.75 on Monday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -15.25 and a beta of 2.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 5.72 and a current ratio of 5.83. BlackSky Technology Inc. has a one year low of $12.41 and a one year high of $52.88. The company's 50-day moving average is $26.31 and its 200 day moving average is $29.61.
BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%.The firm had revenue of $33.32 million during the quarter, compared to analysts' expectations of $30.72 million. Sell-side analysts expect that BlackSky Technology Inc. will post -1.27 EPS for the current fiscal year.
BlackSky Technology Company Profile
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Free Report)
BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.
Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.
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