13,807 Shares in BlackSky Technology Inc. $BKSY Acquired by AXQ Capital LP

AXQ Capital LP acquired a new stake in shares of BlackSky Technology Inc. (NYSE:BKSY) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 13,807 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds have also recently modified their holdings of the company. Legal & General Group Plc boosted its position in shares of BlackSky Technology by 40.5% during the second quarter. Legal & General Group Plc now owns 3,118 shares of the company’s stock worth $64,000 after acquiring an additional 899 shares during the last quarter. SG Americas Securities LLC purchased a new stake in BlackSky Technology in the 2nd quarter worth $234,000. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of BlackSky Technology by 32.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 6,678 shares of the company’s stock valued at $137,000 after purchasing an additional 1,629 shares during the last quarter. Geode Capital Management LLC grew its position in shares of BlackSky Technology by 7.3% during the second quarter. Geode Capital Management LLC now owns 612,919 shares of the company’s stock valued at $12,616,000 after purchasing an additional 41,922 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new stake in shares of BlackSky Technology in the second quarter worth about $1,049,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Insider Activity at BlackSky Technology

In other news, CEO Brian E. O’toole sold 33,292 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total transaction of $580,945.40. Following the completion of the sale, the chief executive officer directly owned 750,164 shares of the company’s stock, valued at approximately $13,090,361.80. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christiana L. Lin sold 24,036 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total transaction of $419,428.20. Following the completion of the transaction, the chief accounting officer owned 402,652 shares in the company, valued at approximately $7,026,277.40. The trade was a 5.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,694 shares of company stock worth $1,565,160 in the last quarter. 3.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BKSY. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Wednesday, October 8th. HC Wainwright boosted their price target on shares of BlackSky Technology from $28.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Wall Street Zen lowered shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 9th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.00.

BlackSky Technology Price Performance

BKSY stock opened at $16.08 on Tuesday. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 2.08. BlackSky Technology Inc. has a 12 month low of $6.15 and a 12 month high of $33.20. The stock has a market cap of $578.72 million, a PE ratio of -5.12 and a beta of 2.24. The company has a 50-day moving average price of $21.21 and a 200 day moving average price of $18.33.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.02. The business had revenue of $19.62 million during the quarter, compared to the consensus estimate of $28.67 million. BlackSky Technology had a negative net margin of 87.11% and a negative return on equity of 54.48%. BlackSky Technology has set its FY 2025 guidance at EPS. Equities research analysts anticipate that BlackSky Technology Inc. will post -2.28 earnings per share for the current 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.