Mithril II GP LP Makes New Investment in BlackSky Technology Inc. (NYSE:BKSY)

Mithril II GP LP purchased a new position in BlackSky Technology Inc. (NYSE:BKSY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,030,175 shares of the company's stock, valued at approximately $11,116,000. BlackSky Technology comprises 69.1% of Mithril II GP LP's investment portfolio, making the stock its largest position. Mithril II GP LP owned 3.35% of BlackSky Technology at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its stake in BlackSky Technology by 94.2% during the 4th quarter. Geode Capital Management LLC now owns 551,444 shares of the company's stock valued at $5,951,000 after acquiring an additional 267,427 shares in the last quarter. Invesco Ltd. acquired a new position in shares of BlackSky Technology during the 4th quarter valued at $3,868,000. Trexquant Investment LP increased its position 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 purchasing an additional 289,075 shares during the period. Northern Trust Corp increased 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. Finally, Charles Schwab Investment Management Inc. increased its position in shares of BlackSky Technology by 98.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 189,157 shares of the company's stock valued at $2,041,000 after purchasing an additional 93,715 shares during the period. Institutional investors own 27.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BKSY shares. HC Wainwright reiterated a "buy" rating and set a $20.00 price target on shares of BlackSky Technology in a research report on Friday, March 7th. 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. Benchmark lifted their target price on BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Canaccord Genuity Group initiated coverage on BlackSky Technology in a report on Thursday, April 10th. They set a "buy" rating and a $12.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, BlackSky Technology presently has a consensus rating of "Buy" and a consensus target price of $20.33.

BlackSky Technology Stock Down 2.5%

BKSY traded down $0.30 during trading on Friday, reaching $11.85. 784,039 shares of the stock traded hands, compared to its average volume of 852,052. The stock has a market cap of $375.11 million, a price-to-earnings ratio of -5.24 and a beta of 1.74. BlackSky Technology Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $21.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The stock's 50-day simple moving average is $8.61 and its two-hundred day simple moving average is $10.74.

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