Oppenheimer & Co. Inc. increased its position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 215.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,638 shares of the company's stock after buying an additional 55,067 shares during the period. Oppenheimer & Co. Inc. owned 0.25% of BlackSky Technology worth $623,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Mithril II GP LP purchased a new stake in BlackSky Technology during the fourth quarter worth $11,116,000. Geode Capital Management LLC raised its position in shares of BlackSky Technology by 94.2% during the 4th quarter. Geode Capital Management LLC now owns 551,444 shares of the company's stock worth $5,951,000 after purchasing an additional 267,427 shares during the last quarter. Invesco Ltd. acquired a new position in shares of BlackSky Technology during the 4th quarter worth about $3,868,000. Trexquant Investment LP raised its position in shares of BlackSky Technology by 2,309.8% during the 4th quarter. Trexquant Investment LP now owns 301,590 shares of the company's stock worth $3,254,000 after purchasing an additional 289,075 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of BlackSky Technology by 89.1% during the 4th quarter. Northern Trust Corp now owns 202,153 shares of the company's stock worth $2,181,000 after purchasing an additional 95,228 shares during the last quarter. 27.15% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on BKSY shares. Canaccord Genuity Group upped their price target on shares of BlackSky Technology from $14.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Benchmark increased their price objective on shares of BlackSky Technology from $17.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, HC Wainwright reiterated a "buy" rating and issued a $20.00 price objective on shares of BlackSky Technology in a report on Friday, March 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, BlackSky Technology presently has a consensus rating of "Buy" and an average target price of $21.67.
Read Our Latest Research Report on BKSY
BlackSky Technology Trading Up 5.4%
Shares of NYSE BKSY traded up $1.10 during midday trading on Friday, reaching $21.37. 1,412,570 shares of the stock were exchanged, compared to its average volume of 1,061,899. The company has a 50 day simple moving average of $12.83 and a 200 day simple moving average of $11.78. The stock has a market capitalization of $676.36 million, a P/E ratio of -8.32 and a beta of 2.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.79 and a current ratio of 3.79. BlackSky Technology Inc. has a twelve month low of $3.86 and a twelve month high of $21.92.
BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.47) by $0.05. The business had revenue of $29.54 million during the quarter, compared to the consensus estimate of $27.20 million. BlackSky Technology had a negative net margin of 50.30% and a negative return on equity of 45.63%. As a group, equities analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.
BlackSky Technology Profile
(
Free Report)
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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