BlackSky Technology’s (BKSY) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of BlackSky Technology (NYSE:BKSY) in a report issued on Friday morning,Benzinga reports. They currently have a $17.00 target price on the stock.

A number of other analysts have also issued reports on BKSY. Oppenheimer boosted their target price on BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. HC Wainwright reaffirmed a “buy” rating and set a $20.00 price objective on shares of BlackSky Technology in a research report on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, BlackSky Technology has a consensus rating of “Buy” and a consensus target price of $21.80.

BlackSky Technology Stock Down 0.8 %

Shares of NYSE BKSY opened at $9.93 on Friday. The firm has a market cap of $305.48 million, a price-to-earnings ratio of -4.39 and a beta of 1.27. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89. BlackSky Technology has a 52-week low of $3.86 and a 52-week high of $21.92. The business’s 50 day moving average is $13.66 and its two-hundred day moving average is $10.06.

Insider Transactions at BlackSky Technology

In related news, CFO Henry Edward Dubois sold 7,938 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $84,539.70. Following the completion of the transaction, the chief financial officer now owns 420,779 shares in the company, valued at approximately $4,481,296.35. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian E. O’toole sold 7,020 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $74,763.00. Following the completion of the transaction, the chief executive officer now owns 691,909 shares of the company’s stock, valued at $7,368,830.85. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,086 shares of company stock valued at $245,866. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackSky Technology

Several large investors have recently bought and sold shares of BKSY. Mithril II GP LP acquired a new position in BlackSky Technology in the fourth quarter valued at $11,116,000. Thompson Siegel & Walmsley LLC acquired a new position in BlackSky Technology in the third quarter valued at $3,674,000. Invesco Ltd. acquired a new position in BlackSky Technology in the fourth quarter valued at $3,868,000. Trexquant Investment LP raised its holdings in shares of BlackSky Technology by 2,309.8% in the fourth quarter. Trexquant Investment LP now owns 301,590 shares of the company’s stock valued at $3,254,000 after buying an additional 289,075 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of BlackSky Technology by 94.2% in the fourth quarter. Geode Capital Management LLC now owns 551,444 shares of the company’s stock valued at $5,951,000 after buying an additional 267,427 shares during the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

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.