BlackSky Technology Inc. (NYSE:BKSY) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 20.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,718 shares of the company's stock after buying an additional 16,371 shares during the quarter. Penserra Capital Management LLC owned approximately 0.30% of BlackSky Technology worth $739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BKSY. Mithril II GP LP acquired a new position in BlackSky Technology during the fourth quarter valued at approximately $11,116,000. Invesco Ltd. bought a new stake in shares of BlackSky Technology in the fourth quarter worth $3,868,000. Trexquant Investment LP increased its stake in BlackSky Technology by 2,309.8% during the fourth quarter. Trexquant Investment LP now owns 301,590 shares of the company's stock valued at $3,254,000 after purchasing an additional 289,075 shares during the last quarter. Geode Capital Management LLC increased its stake in BlackSky Technology by 94.2% during the fourth quarter. Geode Capital Management LLC now owns 551,444 shares of the company's stock valued at $5,951,000 after purchasing an additional 267,427 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in BlackSky Technology during the fourth quarter valued at $1,219,000. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

BlackSky Technology Price Performance

BKSY stock traded down $0.69 during trading on Friday, hitting $22.72. The company had a trading volume of 1,189,520 shares, compared to its average volume of 1,103,223. The firm has a market capitalization of $719.09 million, a price-to-earnings ratio of -8.84 and a beta of 2.07. The business has a 50 day moving average of $14.22 and a 200 day moving average of $12.21. BlackSky Technology Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $24.94. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.26.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate 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, research analysts predict that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

Wall Street Analyst Weigh In

BKSY has been the subject of several recent research reports. Benchmark upped their price target on shares of BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. HC Wainwright upped their price target on shares of BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $23.00.

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.