Two Sigma Investments LP Purchases New Position in BlackSky Technology Inc. (NYSE:BKSY)

Two Sigma Investments LP acquired a new stake in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 112,974 shares of the company's stock, valued at approximately $1,219,000. Two Sigma Investments LP owned about 0.37% of BlackSky Technology at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BKSY. BNP Paribas Financial Markets raised its stake in BlackSky Technology by 22.7% in the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company's stock worth $40,000 after buying an additional 683 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in BlackSky Technology by 115.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company's stock worth $28,000 after buying an additional 1,406 shares during the period. Bridgeway Capital Management LLC lifted its holdings in BlackSky Technology by 2.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 59,450 shares of the company's stock worth $641,000 after buying an additional 1,700 shares during the period. Farther Finance Advisors LLC purchased a new stake in BlackSky Technology in the fourth quarter worth about $44,000. Finally, Corebridge Financial Inc. lifted its holdings in BlackSky Technology by 73.0% in the fourth quarter. Corebridge Financial Inc. now owns 12,481 shares of the company's stock worth $135,000 after buying an additional 5,266 shares during the period. 27.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BKSY has been the subject of several research analyst reports. HC Wainwright restated a "buy" rating and issued a $20.00 price objective on shares of BlackSky Technology in a report on Friday, March 7th. Oppenheimer raised their price objective on shares of BlackSky Technology from $10.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Canaccord Genuity Group initiated coverage on shares of BlackSky Technology in a report on Thursday, April 10th. They issued a "buy" rating and a $12.00 price objective for the company. Finally, Benchmark raised their price objective 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BlackSky Technology has an average rating of "Buy" and a consensus target price of $20.33.

BlackSky Technology Stock Up 6.8%

Shares of NYSE BKSY traded up $0.82 on Friday, reaching $12.95. 1,764,257 shares of the company's stock traded hands, compared to its average volume of 909,153. BlackSky Technology Inc. has a 12 month low of $3.86 and a 12 month high of $21.92. The business's 50 day simple moving average is $9.44 and its two-hundred day simple moving average is $11.11. The company has a market cap of $409.89 million, a price-to-earnings ratio of -5.73 and a beta of 1.85. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share for the quarter, beating analysts' consensus estimates of ($0.47) by $0.05. BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. The business had revenue of $29.54 million during the quarter, compared to the consensus estimate of $27.20 million. As a group, equities research analysts forecast that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

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.