BlackSky Technology (NYSE:BKSY) Price Target Raised to $30.00 at Oppenheimer

BlackSky Technology (NYSE:BKSY) had its target price increased by Oppenheimer from $10.00 to $30.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Separately, HC Wainwright boosted their price target on shares of BlackSky Technology from $12.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $23.20.

BlackSky Technology Price Performance

Shares of BKSY opened at $20.02 on Wednesday. BlackSky Technology has a 1-year low of $3.86 and a 1-year high of $21.92. The stock has a market cap of $616.06 million, a PE ratio of -8.86 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The firm has a fifty day moving average price of $12.97 and a 200 day moving average price of $9.59.

Insider Activity

In other news, CEO Brian E. O’toole sold 7,020 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $74,763.00. Following the completion of the sale, the chief executive officer now directly owns 691,909 shares of the company’s stock, valued at approximately $7,368,830.85. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Henry Edward Dubois sold 7,938 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $84,539.70. Following the transaction, the chief financial officer now directly owns 420,779 shares of the company’s stock, valued at $4,481,296.35. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,086 shares of company stock valued at $245,866. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BKSY. Mithril II GP LP purchased a new position in BlackSky Technology during the fourth quarter worth about $11,116,000. Thompson Siegel & Walmsley LLC acquired a new position in BlackSky Technology during the third quarter worth about $3,674,000. Invesco Ltd. acquired a new position in BlackSky Technology during the fourth quarter worth about $3,868,000. Trexquant Investment LP grew its position in BlackSky Technology by 2,309.8% during the fourth quarter. Trexquant Investment LP now owns 301,590 shares of the company’s stock worth $3,254,000 after buying an additional 289,075 shares during the period. Finally, Geode Capital Management LLC grew its position in BlackSky Technology by 94.2% during the fourth quarter. Geode Capital Management LLC now owns 551,444 shares of the company’s stock worth $5,951,000 after buying an additional 267,427 shares during the period. 27.15% of the stock is owned by hedge funds and other institutional investors.

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.