Penserra Capital Management LLC Raises Position in BlackSky Technology Inc. (NYSE:BKSY)

Penserra Capital Management LLC raised its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 20.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,718 shares of the company's stock after acquiring an additional 16,371 shares during the quarter. Penserra Capital Management LLC owned approximately 0.30% of BlackSky Technology worth $739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Investment Advisors Inc. boosted its stake in shares of BlackSky Technology by 115.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company's stock worth $28,000 after acquiring an additional 1,406 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of BlackSky Technology by 22.7% during the 4th quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company's stock worth $40,000 after acquiring an additional 683 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of BlackSky Technology during the 4th quarter worth $44,000. GAMMA Investing LLC boosted its stake in shares of BlackSky Technology by 14,829.2% during the 1st quarter. GAMMA Investing LLC now owns 7,166 shares of the company's stock worth $55,000 after acquiring an additional 7,118 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of BlackSky Technology during the 4th quarter worth $76,000. Hedge funds and other institutional investors own 27.15% of the company's stock.

BlackSky Technology Stock Down 1.6%

Shares of BKSY stock opened at $22.15 on Thursday. The stock has a market cap of $701.05 million, a P/E ratio of -8.62 and a beta of 2.07. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $24.94. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.26. The company's fifty day simple moving average is $13.65 and its two-hundred day simple moving average is $12.02.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.47) by $0.05. The business had revenue of $29.54 million for the quarter, compared to analysts' expectations of $27.20 million. BlackSky Technology had a negative net margin of 50.30% and a negative return on equity of 45.63%. Analysts predict that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKSY. HC Wainwright lifted their price target on shares of BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday. Canaccord Genuity Group upped their target price on shares of BlackSky Technology from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, Benchmark upped their target price 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. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $23.00.

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.

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