Investors Buy High Volume of BlackSky Technology Call Options (NYSE:BKSY)

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) saw unusually large options trading on Tuesday. Traders bought 4,799 call options on the company. This is an increase of approximately 81% compared to the typical daily volume of 2,653 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BKSY. Nuveen LLC purchased a new position in BlackSky Technology in the first quarter valued at about $9,582,000. Mithril II GP LP bought a new stake in shares of BlackSky Technology during the 4th quarter worth about $11,116,000. Goldman Sachs Group Inc. boosted its stake in shares of BlackSky Technology by 343.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company's stock worth $4,311,000 after acquiring an additional 432,023 shares in the last quarter. Invesco Ltd. bought a new stake in shares of BlackSky Technology during the 4th quarter worth about $3,868,000. Finally, Trexquant Investment LP boosted 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 worth $3,254,000 after acquiring an additional 289,075 shares in the last quarter. Hedge funds and other institutional investors own 27.15% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BKSY. Benchmark boosted their target price on BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. HC Wainwright boosted their target price on BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Canaccord Genuity Group boosted their target price on BlackSky Technology from $14.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, BlackSky Technology currently has an average rating of "Buy" and a consensus target price of $23.00.

BlackSky Technology Stock Down 2.9%

NYSE:BKSY traded down $0.69 during trading hours on Friday, hitting $22.72. 1,189,520 shares of the company's stock traded hands, compared to its average volume of 1,099,192. The firm has a market cap of $719.09 million, a P/E ratio of -8.84 and a beta of 2.07. BlackSky Technology has a twelve month low of $3.86 and a twelve month high of $24.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.79 and a current ratio of 3.79. The stock's fifty day moving average price is $14.22 and its two-hundred day moving average price is $12.19.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.05. BlackSky Technology had a negative return on equity of 45.63% and a negative net margin of 50.30%. The firm had revenue of $29.54 million for the quarter, compared to analyst estimates of $27.20 million. On average, research analysts expect that BlackSky Technology will post -2.28 earnings per share for the current fiscal year.

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.