AWM Investment Company Inc. Decreases Stock Position in BlackSky Technology Inc. $BKSY

AWM Investment Company Inc. reduced its position in BlackSky Technology Inc. (NYSE:BKSY) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,209,926 shares of the company’s stock after selling 178,202 shares during the quarter. BlackSky Technology makes up about 5.1% of AWM Investment Company Inc.’s investment portfolio, making the stock its 2nd largest holding. AWM Investment Company Inc. owned approximately 6.23% of BlackSky Technology worth $45,480,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of BlackSky Technology by 35,575.0% during the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the company’s stock valued at $32,000 after buying an additional 1,423 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings 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 acquiring an additional 1,665 shares during the period. GPS Wealth Strategies Group LLC purchased a new position in shares of BlackSky Technology in the second quarter valued at about $57,000. Legal & General Group Plc lifted its position in shares of BlackSky Technology by 40.5% in the second quarter. Legal & General Group Plc now owns 3,118 shares of the company’s stock valued at $64,000 after acquiring an additional 899 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of BlackSky Technology in the first quarter worth about $103,000. 27.15% of the stock is currently owned by institutional investors.

BlackSky Technology Price Performance

Shares of BKSY stock opened at $18.27 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.89 and a current ratio of 3.89. The stock’s 50-day simple moving average is $20.39 and its 200-day simple moving average is $18.87. BlackSky Technology Inc. has a fifty-two week low of $6.15 and a fifty-two week high of $33.20. The firm has a market capitalization of $657.50 million, a price-to-earnings ratio of -5.82 and a beta of 2.41.

BlackSky Technology (NYSE:BKSY) last issued its earnings results 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. BlackSky Technology had a negative net margin of 87.11% and a negative return on equity of 54.48%. The firm had revenue of $19.62 million during the quarter, compared to analysts’ expectations of $28.67 million. As a group, equities analysts forecast that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on BKSY shares. HC Wainwright boosted their price target on BlackSky Technology from $28.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.00.

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.