Charles Schwab Investment Management Inc. Has $1.56 Million Stock Position in BlackSky Technology Inc. $BKSY

Charles Schwab Investment Management Inc. grew its position in BlackSky Technology Inc. (NYSE:BKSY) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 201,832 shares of the company’s stock after acquiring an additional 12,675 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.64% of BlackSky Technology worth $1,560,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd raised its stake in shares of BlackSky Technology by 58.3% in the first quarter. XTX Topco Ltd now owns 21,977 shares of the company’s stock valued at $170,000 after purchasing an additional 8,094 shares in the last quarter. 1492 Capital Management LLC bought a new stake in BlackSky Technology in the 1st quarter valued at $725,000. New York State Common Retirement Fund raised its stake in shares of 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 buying an additional 6,000 shares in the last quarter. LBP AM SA lifted its holdings in shares of BlackSky Technology by 22.3% during the 1st quarter. LBP AM SA now owns 37,881 shares of the company’s stock worth $293,000 after acquiring an additional 6,907 shares during the period. Finally, Brown Advisory Inc. bought a new position in shares of BlackSky Technology during the 1st quarter worth about $98,000. Institutional investors and hedge funds own 27.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on BKSY shares. Lake Street Capital upped their target price on shares of BlackSky Technology from $18.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. HC Wainwright upped their price objective on BlackSky Technology from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Wall Street Zen cut BlackSky Technology from a “hold” rating to a “strong sell” rating in a report on Saturday, August 9th. Canaccord Genuity Group cut their target price on BlackSky Technology from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Finally, Benchmark boosted their price target on BlackSky Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $23.50.

BlackSky Technology Stock Performance

Shares of BlackSky Technology stock opened at $17.51 on Monday. The firm has a market cap of $621.19 million, a P/E ratio of -5.21 and a beta of 2.16. BlackSky Technology Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $28.85. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.71 and a quick ratio of 3.71. The firm has a 50 day simple moving average of $19.77 and a 200 day simple moving average of $13.79.

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