Invesco Ltd. Invests $3.87 Million in BlackSky Technology Inc. (NYSE:BKSY)

Invesco Ltd. purchased a new stake in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 358,435 shares of the company's stock, valued at approximately $3,868,000. Invesco Ltd. owned approximately 1.16% of BlackSky Technology at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BKSY. Trexquant Investment LP lifted its stake in shares of BlackSky Technology by 2,309.8% during the 4th quarter. Trexquant Investment LP now owns 301,590 shares of the company's stock valued at $3,254,000 after buying an additional 289,075 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of BlackSky Technology by 94.2% in the fourth quarter. Geode Capital Management LLC now owns 551,444 shares of the company's stock worth $5,951,000 after acquiring an additional 267,427 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new position in shares of BlackSky Technology in the fourth quarter worth about $1,297,000. Charles Schwab Investment Management Inc. grew its position in shares of BlackSky Technology by 98.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 189,157 shares of the company's stock worth $2,041,000 after purchasing an additional 93,715 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in BlackSky Technology during the 4th quarter valued at approximately $703,000. 27.15% of the stock is currently owned by institutional investors.

BlackSky Technology Trading Up 4.5 %

NYSE BKSY traded up $0.39 during trading hours on Friday, hitting $8.97. 207,689 shares of the company were exchanged, compared to its average volume of 808,234. The stock has a market cap of $283.92 million, a PE ratio of -3.98 and a beta of 1.61. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $21.92. The stock has a 50-day moving average price of $8.96 and a 200 day moving average price of $10.39. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89.

Analysts Set New Price Targets

BKSY has been the subject of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and set a $17.00 price objective on shares of BlackSky Technology in a report on Friday, March 7th. Canaccord Genuity Group began coverage on shares of BlackSky Technology in a report on Thursday, April 10th. They issued a "buy" rating and a $12.00 price target on the stock. HC Wainwright reissued a "buy" rating and set a $20.00 price objective on shares of BlackSky Technology in a report on Friday, March 7th. Finally, Oppenheimer lifted their target price on BlackSky Technology from $10.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, BlackSky Technology presently has a consensus rating of "Buy" and a consensus price target of $20.17.

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.