Lbp Am Sa Has $2.32 Million Stock Position in BlackSky Technology Inc. $BKSY

Key Points

• Lbp Am Sa increased its stake in BlackSky Technology Inc. by 198.1%, holding approximately $2.32 million worth of shares as per its latest 13F filing.
• Institutional ownership of BlackSky Technology is at 27.15%, with significant increases noted by Goldman Sachs and other investors in the first quarter.
• Insider sales included CEO Brian E. O'toole and CFO Henry Edward Dubois selling shares, decreasing their ownership in the company.

Lbp Am Sa grew its stake in BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 198.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,905 shares of the company's stock after purchasing an additional 75,024 shares during the period. Lbp Am Sa owned approximately 0.36% of BlackSky Technology worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of BlackSky Technology by 343.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company's stock valued at $4,311,000 after purchasing an additional 432,023 shares during the period. Rhumbline Advisers grew its stake in shares of BlackSky Technology by 12.2% in the 1st quarter. Rhumbline Advisers now owns 35,295 shares of the company's stock valued at $273,000 after purchasing an additional 3,849 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of BlackSky Technology by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company's stock valued at $117,000 after purchasing an additional 1,015 shares during the period. AQR Capital Management LLC bought a new stake in shares of BlackSky Technology in the 1st quarter valued at approximately $103,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of BlackSky Technology in the 1st quarter valued at approximately $1,728,000. 27.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BlackSky Technology news, CEO Brian E. O'toole sold 33,292 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total value of $580,945.40. Following the completion of the transaction, the chief executive officer directly owned 750,164 shares of the company's stock, valued at approximately $13,090,361.80. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Henry Edward Dubois sold 31,646 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total transaction of $552,222.70. Following the completion of the transaction, the chief financial officer directly owned 474,582 shares of the company's stock, valued at approximately $8,281,455.90. This represents a 6.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,694 shares of company stock valued at $1,565,160. Insiders own 3.80% of the company's stock.

BlackSky Technology Trading Up 8.8%

Shares of NYSE BKSY opened at $24.40 on Friday. BlackSky Technology Inc. has a 1-year low of $4.92 and a 1-year high of $28.85. The company has a market cap of $865.47 million, a PE ratio of -7.26 and a beta of 2.22. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average of $18.51 and a two-hundred day moving average of $14.71.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced 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 company 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. As a group, equities analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BKSY shares. Wall Street Zen downgraded shares of BlackSky Technology from a "hold" rating to a "strong sell" rating in a report on Saturday, August 9th. Lake Street Capital lifted their price target on shares of BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, July 24th. HC Wainwright lifted their price target on shares of BlackSky Technology from $20.00 to $28.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Canaccord Genuity Group cut their price target 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. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, BlackSky Technology currently has an average rating of "Buy" and a consensus target price of $23.50.

BlackSky Technology Company 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.

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