50,379 Shares in BlackSky Technology Inc. $BKSY Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC has acquired 50,379 shares of BlackSky Technology Inc., valued at approximately $389,000, representing 0.16% ownership in the company.
• Multiple institutional investors have recently adjusted their stakes in BlackSky Technology, with notable purchases made by Mithril II GP LP and Geode Capital Management LLC.
• BlackSky Technology reported a loss of ($0.52) earnings per share for the last quarter, missing the consensus estimate, and it currently has a market capitalization of $641.30 million.

Virtu Financial LLC acquired a new position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 50,379 shares of the company's stock, valued at approximately $389,000. Virtu Financial LLC owned approximately 0.16% 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 the business. Mithril II GP LP purchased a new stake in shares of BlackSky Technology in the fourth quarter valued at approximately $11,116,000. Invesco Ltd. purchased a new position in shares of BlackSky Technology during the fourth quarter worth $3,868,000. Geode Capital Management LLC boosted its position in shares of BlackSky Technology by 94.2% during the fourth quarter. Geode Capital Management LLC now owns 551,444 shares of the company's stock worth $5,951,000 after buying an additional 267,427 shares during the period. Two Sigma Investments LP purchased a new position in BlackSky Technology in the fourth quarter valued at $1,219,000. Finally, Northern Trust Corp boosted its holdings in BlackSky Technology by 89.1% in the fourth 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. 27.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

BlackSky Technology Stock Performance

Shares of NYSE:BKSY traded down $0.8470 during trading on Tuesday, hitting $16.5730. 641,713 shares of the company traded hands, compared to its average volume of 1,604,207. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $587.84 million, a price-to-earnings ratio of -4.94 and a beta of 2.09. BlackSky Technology Inc. has a one year low of $3.86 and a one year high of $28.85. The business's fifty day moving average is $18.83 and its 200-day moving average is $13.76.

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

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.