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

Penserra Capital Management LLC boosted its holdings in BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 20.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,718 shares of the company's stock after acquiring an additional 16,371 shares during the period. Penserra Capital Management LLC owned 0.30% of BlackSky Technology worth $739,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BKSY. Two Sigma Investments LP acquired a new position in BlackSky Technology during the fourth quarter worth $1,219,000. Bank of New York Mellon Corp lifted its stake in BlackSky Technology by 89.1% during the fourth quarter. Bank of New York Mellon Corp now owns 56,298 shares of the company's stock worth $607,000 after purchasing an additional 26,528 shares in the last quarter. Northern Trust Corp lifted its stake in BlackSky Technology by 89.1% during the fourth 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 in the last quarter. Oppenheimer & Co. Inc. lifted its stake in BlackSky Technology by 215.3% during the first quarter. Oppenheimer & Co. Inc. now owns 80,638 shares of the company's stock worth $623,000 after purchasing an additional 55,067 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of BlackSky Technology by 20.5% during the fourth quarter. Nuveen Asset Management LLC now owns 72,890 shares of the company's stock worth $786,000 after acquiring an additional 12,378 shares during the period. 27.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on BKSY. Benchmark upped their price objective on 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 objective on BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Canaccord Genuity Group upped their price objective on BlackSky Technology from $14.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BlackSky Technology currently has a consensus rating of "Buy" and a consensus price target of $23.00.

BlackSky Technology Stock Down 2.9%

NYSE:BKSY traded down $0.69 during trading hours on Friday, hitting $22.72. The company's stock had a trading volume of 1,189,520 shares, compared to its average volume of 1,099,192. The stock has a market capitalization of $719.09 million, a P/E ratio of -8.84 and a beta of 2.07. The stock has a fifty day moving average of $14.22 and a 200-day moving average of $12.19. 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 Inc. has a 52-week low of $3.86 and a 52-week high of $24.94.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.47) by $0.05. The firm had revenue of $29.54 million for the quarter, compared to analyst estimates of $27.20 million. BlackSky Technology had a negative return on equity of 45.63% and a negative net margin of 50.30%. On average, equities analysts forecast that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

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.