Nuveen LLC Purchases Shares of 1,239,578 BlackSky Technology Inc. $BKSY

Nuveen LLC purchased a new stake in BlackSky Technology Inc. (NYSE:BKSY) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 1,239,578 shares of the company’s stock, valued at approximately $9,582,000. Nuveen LLC owned about 3.92% of BlackSky Technology as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in BlackSky Technology in the 1st quarter valued at $389,000. Charles Schwab Investment Management Inc. raised its holdings in BlackSky Technology by 6.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 201,832 shares of the company’s stock valued at $1,560,000 after acquiring an additional 12,675 shares during the last quarter. XTX Topco Ltd raised its holdings in BlackSky Technology by 58.3% in the 1st quarter. XTX Topco Ltd now owns 21,977 shares of the company’s stock valued at $170,000 after acquiring an additional 8,094 shares during the last quarter. 1492 Capital Management LLC acquired a new position in BlackSky Technology in the 1st quarter valued at $725,000. Finally, New York State Common Retirement Fund raised its holdings in BlackSky Technology by 217.0% in the 1st quarter. New York State Common Retirement Fund now owns 8,765 shares of the company’s stock valued at $68,000 after acquiring an additional 6,000 shares during the last quarter. 27.15% of the stock is currently owned by institutional investors and hedge funds.

BlackSky Technology Trading Up 5.4%

NYSE:BKSY opened at $17.2060 on Friday. The business’s 50-day moving average is $19.23 and its two-hundred day moving average is $13.78. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.71 and a quick ratio of 3.71. BlackSky Technology Inc. has a 12 month low of $3.86 and a 12 month high of $28.85. The firm has a market capitalization of $610.30 million, a PE ratio of -5.12 and a beta of 2.09.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.03). BlackSky Technology had a negative net margin of 82.04% and a negative return on equity of 52.27%. The company had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $22.17 million. BlackSky Technology has set its FY 2025 guidance at EPS. Research analysts predict that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

BKSY has been the subject of several analyst reports. Lake Street Capital boosted their price target on BlackSky Technology from $18.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Benchmark increased 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. Wall Street Zen lowered BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 9th. HC Wainwright increased their target price on BlackSky Technology from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Canaccord Genuity Group cut their target price on BlackSky Technology from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, BlackSky Technology currently has an average rating of “Buy” and a consensus target price of $23.50.

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.