EntryPoint Capital LLC Acquires New Holdings in BlackSky Technology Inc. $BKSY

Key Points

• EntryPoint Capital LLC has acquired a new stake in BlackSky Technology Inc., purchasing 17,763 shares valued at approximately $137,000, representing 0.06% ownership.
• Several institutional investors, including Wells Fargo and Barclays, have significantly increased their stakes in BlackSky Technology, indicating growing confidence in the company.
• Analysts have mixed ratings for BlackSky Technology, with the average consensus rating being a "Buy" and a price target of $23.50, despite a recent drop in earnings per share.

EntryPoint Capital LLC bought a new position in BlackSky Technology Inc. (NYSE:BKSY - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 17,763 shares of the company's stock, valued at approximately $137,000. EntryPoint Capital LLC owned approximately 0.06% of BlackSky Technology at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BKSY. Two Sigma Investments LP bought a new stake in BlackSky Technology in the 4th quarter worth about $1,219,000. Northern Trust Corp boosted its stake in shares of BlackSky Technology by 89.1% in the 4th quarter. Northern Trust Corp now owns 202,153 shares of the company's stock worth $2,181,000 after buying an additional 95,228 shares during the last quarter. Oppenheimer & Co. Inc. grew 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 acquiring an additional 55,067 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of BlackSky Technology by 20.5% during the fourth quarter. Nuveen Asset Management LLC now owns 72,890 shares of the company's stock valued at $786,000 after acquiring an additional 12,378 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BlackSky Technology by 93.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,159 shares of the company's stock worth $153,000 after acquiring an additional 6,835 shares during the period. 27.15% of the stock is owned by institutional investors.

BlackSky Technology Stock Performance

Shares of BKSY traded down $0.57 during trading hours on Friday, hitting $17.51. The company's stock had a trading volume of 1,761,805 shares, compared to its average volume of 1,667,475. The business has a 50 day simple moving average of $19.77 and a two-hundred day simple moving average of $13.81. BlackSky Technology Inc. has a 52-week low of $3.86 and a 52-week high of $28.85. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.71 and a quick ratio of 3.71. The company has a market cap of $621.19 million, a price-to-earnings ratio of -5.21 and a beta of 2.09.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate 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 business had revenue of $22.20 million during the quarter, compared to the consensus estimate of $22.17 million. BlackSky Technology has set its FY 2025 guidance at EPS. On average, equities analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About BlackSky Technology

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.