AWM Investment Company Inc. Sells 264,080 Shares of BlackSky Technology Inc. $BKSY

Key Points

• AWM Investment Company Inc. has reduced its stake in BlackSky Technology Inc. by 10.0% to approximately 2.5% of its holdings, now totaling about 2,388,128 shares.
• Analysts have mixed views on BlackSky Technology, with Benchmark raising their price target to $18.00 and HC Wainwright elevating it to $28.00, while Wall Street Zen downgraded it to a "strong sell".
• The company's stock is currently priced at $17.03 and has a market capitalization of $604.05 million, with earnings per share forecasted at -2.28 for the fiscal year.

AWM Investment Company Inc. lowered its holdings in BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,388,128 shares of the company's stock after selling 264,080 shares during the period. BlackSky Technology makes up 2.5% of AWM Investment Company Inc.'s portfolio, making the stock its 8th biggest position. AWM Investment Company Inc. owned about 7.54% of BlackSky Technology worth $18,460,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Two Sigma Investments LP purchased a new stake in shares of BlackSky Technology in the fourth quarter valued at $1,219,000. Northern Trust Corp lifted its holdings in shares of BlackSky Technology by 89.1% in the fourth quarter. Northern Trust Corp now owns 202,153 shares of the company's stock valued at $2,181,000 after purchasing an additional 95,228 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of BlackSky Technology by 215.3% in the first 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 lifted its holdings in shares of BlackSky Technology by 20.5% in the fourth 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. lifted its holdings in shares of BlackSky Technology by 93.3% in the fourth 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. Hedge funds and other institutional investors own 27.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BKSY. Canaccord Genuity Group cut their price objective on BlackSky Technology from $28.00 to $27.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Lake Street Capital increased their price objective on BlackSky Technology from $18.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Wall Street Zen lowered BlackSky Technology from a "hold" rating to a "strong sell" rating in a report on Saturday, August 9th. HC Wainwright increased their price objective on BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, Benchmark increased their price objective on BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, BlackSky Technology currently has a consensus rating of "Buy" and a consensus price target of $23.50.

BlackSky Technology Stock Performance

Shares of NYSE:BKSY traded down $0.11 during midday trading on Monday, hitting $16.12. The company's stock had a trading volume of 777,052 shares, compared to its average volume of 1,596,212. The stock has a market capitalization of $571.60 million, a price-to-earnings ratio of -4.81 and a beta of 2.16. The stock's 50 day simple moving average is $19.60 and its 200 day simple moving average is $13.73. BlackSky Technology Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $28.85. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.71 and a current ratio of 3.71.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released 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). BlackSky Technology had a negative return on equity of 52.27% and a negative net margin of 82.04%.The firm had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.17 million. BlackSky Technology has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

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.