Northern Trust Corp Boosts Stock Position in BlackSky Technology Inc. (NYSE:BKSY)

Northern Trust Corp boosted its holdings in BlackSky Technology Inc. (NYSE:BKSY) by 89.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 202,153 shares of the company’s stock after purchasing an additional 95,228 shares during the period. Northern Trust Corp owned about 0.66% of BlackSky Technology worth $2,181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. purchased a new position in shares of BlackSky Technology during the 4th quarter valued at $3,868,000. Trexquant Investment LP lifted 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 buying an additional 289,075 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 267,427 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of BlackSky Technology during the 4th quarter valued at $1,297,000. Finally, Charles Schwab Investment Management Inc. lifted 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 buying an additional 93,715 shares during the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BKSY shares. Canaccord Genuity Group started coverage on BlackSky Technology in a research report on Thursday, April 10th. They set a “buy” rating and a $12.00 price target on the stock. Benchmark upped their price target on BlackSky Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. HC Wainwright reaffirmed a “buy” rating and set a $20.00 price target on shares of BlackSky Technology in a research report on Friday, March 7th. Finally, Oppenheimer upped their price target on BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BlackSky Technology presently has an average rating of “Buy” and an average price target of $20.33.

BlackSky Technology Stock Performance

NYSE:BKSY opened at $10.83 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. BlackSky Technology Inc. has a 52-week low of $3.86 and a 52-week high of $21.92. The firm has a market cap of $342.79 million, a price-to-earnings ratio of -4.79 and a beta of 1.74. The business’s fifty day moving average is $8.83 and its 200 day moving average is $10.91.

BlackSky Technology (NYSE:BKSY) 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. BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. The company had revenue of $29.54 million for the quarter, compared to analyst estimates of $27.20 million. Research analysts predict 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.