Nantahala Capital Management LLC Has $14.86 Million Stock Position in BlackSky Technology Inc. (NYSE:BKSY)

Nantahala Capital Management LLC cut its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 43.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,377,060 shares of the company's stock after selling 1,072,940 shares during the period. BlackSky Technology makes up approximately 0.6% of Nantahala Capital Management LLC's holdings, making the stock its 28th biggest position. Nantahala Capital Management LLC owned about 4.47% of BlackSky Technology worth $14,858,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. lifted 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 in the last quarter. Farther Finance Advisors LLC acquired a new stake in BlackSky Technology during the 4th quarter worth about $44,000. CIBC Private Wealth Group LLC purchased a new position in BlackSky Technology during the 4th quarter valued at about $76,000. SBI Securities Co. Ltd. acquired a new position in shares of BlackSky Technology in the 4th quarter valued at about $84,000. Finally, LexAurum Advisors LLC purchased a new stake in shares of BlackSky Technology in the fourth quarter worth approximately $108,000. 27.15% of the stock is currently owned by institutional investors.

BlackSky Technology Stock Up 3.4 %

NYSE:BKSY traded up $0.29 during trading hours on Friday, reaching $8.87. The company's stock had a trading volume of 691,173 shares, compared to its average volume of 813,191. BlackSky Technology Inc. has a one year low of $3.86 and a one year high of $21.92. The business's 50-day moving average is $8.84 and its 200-day moving average is $10.41. 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 company has a market cap of $280.75 million, a price-to-earnings ratio of -3.92 and a beta of 1.61.

Wall Street Analysts Forecast Growth

BKSY has been the topic of several research reports. Oppenheimer upped their price objective on shares of BlackSky Technology from $10.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Benchmark reiterated 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 BlackSky Technology in a research note on Thursday, April 10th. They issued a "buy" rating and a $12.00 target price on the stock. Finally, HC Wainwright reaffirmed a "buy" rating and set a $20.00 price target on shares of BlackSky Technology in a research note on Friday, March 7th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $20.17.

BlackSky Technology Company 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.