Manatuck Hill Partners LLC Reduces Holdings in BlackSky Technology Inc. (NYSE:BKSY)

Manatuck Hill Partners LLC trimmed its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 70.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,000 shares of the company's stock after selling 350,000 shares during the quarter. Manatuck Hill Partners LLC owned approximately 0.49% of BlackSky Technology worth $1,618,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Summit Investment Advisors Inc. increased its holdings in shares of BlackSky Technology by 115.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company's stock valued at $28,000 after purchasing an additional 1,406 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of BlackSky Technology during the 4th quarter valued at about $44,000. CIBC Private Wealth Group LLC acquired a new position in shares of BlackSky Technology in the 4th quarter valued at about $76,000. SBI Securities Co. Ltd. purchased a new stake in shares of BlackSky Technology in the fourth quarter worth about $84,000. Finally, LexAurum Advisors LLC acquired a new stake in BlackSky Technology during the fourth quarter worth about $108,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

BlackSky Technology Stock Up 1.9 %

NYSE:BKSY traded up $0.16 during trading hours on Wednesday, hitting $8.70. The company's stock had a trading volume of 227,051 shares, compared to its average volume of 813,807. The stock has a market capitalization of $275.37 million, a P/E ratio of -3.86 and a beta of 1.74. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. The stock has a fifty day moving average of $8.60 and a 200-day moving average of $10.47. BlackSky Technology Inc. has a 52-week low of $3.86 and a 52-week high of $21.92.

Wall Street Analysts Forecast Growth

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

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.