BlackSky Technology’s (BKSY) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of BlackSky Technology (NYSE:BKSY) in a report published on Friday,Benzinga reports. They currently have a $20.00 price target on the stock.

Separately, Oppenheimer boosted their price objective on shares of BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $21.80.

BlackSky Technology Stock Down 0.8 %

NYSE BKSY opened at $9.93 on Friday. BlackSky Technology has a 12 month low of $3.86 and a 12 month high of $21.92. The company’s 50 day simple moving average is $13.66 and its 200 day simple moving average is $10.06. 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 company has a market capitalization of $305.48 million, a P/E ratio of -4.39 and a beta of 1.27.

Insiders Place Their Bets

In related news, CFO Henry Edward Dubois sold 7,938 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $84,539.70. Following the transaction, the chief financial officer now directly owns 420,779 shares in the company, valued at approximately $4,481,296.35. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Christiana L. Lin sold 5,550 shares of the firm’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 $59,107.50. Following the completion of the transaction, the chief accounting officer now owns 354,143 shares in the company, valued at $3,771,622.95. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,086 shares of company stock valued at $245,866 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC bought a new stake in BlackSky Technology in the 3rd quarter valued at $3,674,000. SG Americas Securities LLC bought a new stake in BlackSky Technology in the 4th quarter valued at $111,000. LexAurum Advisors LLC bought a new stake in BlackSky Technology in the 4th quarter valued at $108,000. Griffin Asset Management Inc. bought a new stake in BlackSky Technology in the 4th quarter valued at $196,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in BlackSky Technology in the 4th quarter valued at $1,297,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

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.