Trexquant Investment LP Has $2.83 Million Stake in BlackSky Technology Inc. $BKSY

Key Points

• Trexquant Investment LP increased its holdings in BlackSky Technology Inc. by 21.4% in the first quarter, owning 366,071 shares valued at approximately $2.83 million.
• BlackSky Technology's stock has seen significant activity from institutional investors, with the New York State Common Retirement Fund boosting its holdings by 217.0% in the same period.
• Despite a recent miss in earnings, analysts remain optimistic, with a consensus price target of $23.50 and a general rating of "Buy" from multiple research analysts.

Trexquant Investment LP grew its holdings in BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 21.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 366,071 shares of the company's stock after purchasing an additional 64,481 shares during the quarter. Trexquant Investment LP owned about 1.16% of BlackSky Technology worth $2,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of BKSY. Two Sigma Investments LP bought a new stake in BlackSky Technology during the fourth quarter valued at $1,219,000. 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 valued at $2,181,000 after purchasing an additional 95,228 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of BlackSky Technology by 215.3% during the first quarter. Oppenheimer & Co. Inc. now owns 80,638 shares of the company's stock valued at $623,000 after purchasing an additional 55,067 shares in the last quarter. Nuveen Asset Management LLC increased its stake in 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BlackSky Technology by 93.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,159 shares of the company's stock valued at $153,000 after acquiring an additional 6,835 shares during the last quarter. Hedge funds and other institutional investors own 27.15% of the company's stock.

BlackSky Technology Price Performance

NYSE:BKSY traded up $0.42 during mid-day trading on Monday, reaching $16.64. 1,141,235 shares of the stock were exchanged, compared to its average volume of 1,598,505. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 1.35. BlackSky Technology Inc. has a 1-year low of $3.86 and a 1-year high of $28.85. The firm has a market capitalization of $590.04 million, a PE ratio of -4.94 and a beta of 2.16. The business has a fifty day moving average price of $19.60 and a 200 day moving average price of $13.73.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.03). The company had revenue of $22.20 million during the quarter, compared to analyst estimates of $22.17 million. BlackSky Technology had a negative net margin of 82.04% and a negative return on equity of 52.27%. BlackSky Technology has set its FY 2025 guidance at EPS. Research analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BKSY shares. HC Wainwright raised their target price on shares of BlackSky Technology from $20.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Canaccord Genuity Group dropped their target price on BlackSky Technology from $28.00 to $27.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Benchmark boosted their price objective on BlackSky Technology from $17.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Wall Street Zen cut BlackSky Technology from a "hold" rating to a "strong sell" rating in a research report on Saturday, August 9th. Finally, Lake Street Capital raised their price objective on shares of BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $23.50.

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.