BlackSky Technology Inc. $BKSY Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 612,919 shares of the company’s stock after buying an additional 41,922 shares during the period. Geode Capital Management LLC owned approximately 1.74% of BlackSky Technology worth $12,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BKSY. Prescott Group Capital Management L.L.C. purchased a new position in BlackSky Technology during the 2nd quarter valued at about $1,049,000. GPS Wealth Strategies Group LLC purchased a new position in BlackSky Technology during the second quarter valued at approximately $57,000. Nisa Investment Advisors LLC grew its position in BlackSky Technology by 6,937.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,689 shares of the company’s stock valued at $35,000 after purchasing an additional 1,665 shares in the last quarter. Griffin Asset Management Inc. increased its stake in BlackSky Technology by 12.4% in the 2nd quarter. Griffin Asset Management Inc. now owns 48,110 shares of the company’s stock valued at $990,000 after buying an additional 5,294 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in BlackSky Technology in the 2nd quarter worth approximately $371,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

BlackSky Technology Stock Up 2.4%

Shares of BlackSky Technology stock opened at $16.97 on Wednesday. BlackSky Technology Inc. has a 12-month low of $6.15 and a 12-month high of $33.20. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 2.08. The stock has a 50 day moving average price of $20.86 and a two-hundred day moving average price of $18.56. The stock has a market capitalization of $610.68 million, a P/E ratio of -5.40 and a beta of 2.41.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.02. BlackSky Technology had a negative net margin of 87.11% and a negative return on equity of 54.48%. The company had revenue of $19.62 million for the quarter, compared to analyst estimates of $28.67 million. Equities analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CFO Henry Edward Dubois sold 31,646 shares of BlackSky Technology stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total value of $552,222.70. Following the transaction, the chief financial officer directly owned 474,582 shares in the company, valued at approximately $8,281,455.90. The trade was a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian E. O’toole sold 33,292 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total value of $580,945.40. Following the transaction, the chief executive officer directly owned 750,164 shares of the company’s stock, valued at $13,090,361.80. This represents a 4.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 89,694 shares of company stock worth $1,565,160 in the last quarter. 3.80% of the stock is currently owned by company insiders.

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.