Northern Trust Corp Increases Stock Position in BlackSky Technology Inc. (NYSE:BKSY)

Northern Trust Corp lifted its position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 89.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,153 shares of the company's stock after purchasing an additional 95,228 shares during the quarter. Northern Trust Corp owned approximately 0.66% of BlackSky Technology worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BKSY. Summit Investment Advisors Inc. boosted its position in BlackSky Technology by 115.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company's stock valued at $28,000 after buying an additional 1,406 shares during the last quarter. Farther Finance Advisors LLC bought a new position in BlackSky Technology in the fourth quarter valued at approximately $44,000. CIBC Private Wealth Group LLC acquired a new position in BlackSky Technology in the 4th quarter worth $76,000. SBI Securities Co. Ltd. acquired a new stake in BlackSky Technology in the 4th quarter valued at approximately $84,000. Finally, SG Americas Securities LLC acquired a new position in BlackSky Technology during the fourth quarter worth $111,000. Institutional investors own 27.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BKSY. Canaccord Genuity Group assumed coverage on BlackSky Technology in a research report on Thursday, April 10th. They set a "buy" rating and a $12.00 price target on the stock. HC Wainwright restated a "buy" rating and set a $20.00 price objective on shares of BlackSky Technology in a research note on Friday, March 7th. Oppenheimer boosted their target price on shares of BlackSky Technology from $10.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, Benchmark raised their price objective on BlackSky Technology from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $20.33.

BlackSky Technology Stock Performance

BKSY traded down $0.13 on Friday, hitting $11.22. The company's stock had a trading volume of 246,151 shares, compared to its average volume of 875,601. The company's 50 day simple moving average is $9.04 and its 200-day simple moving average is $10.97. BlackSky Technology Inc. has a 12 month low of $3.86 and a 12 month high of $21.92. The firm has a market cap of $355.07 million, a P/E ratio of -4.97 and a beta of 1.74. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.42) earnings per share for the quarter, topping analysts' consensus estimates of ($0.47) by $0.05. The firm had revenue of $29.54 million during the quarter, compared to analyst estimates of $27.20 million. BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. Analysts forecast that BlackSky Technology Inc. will post -2.28 EPS 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.