Rhumbline Advisers Acquires 15,607 Shares of BlackSky Technology Inc. (NYSE:BKSY)

Rhumbline Advisers raised its holdings in BlackSky Technology Inc. (NYSE:BKSY) by 98.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,446 shares of the company’s stock after buying an additional 15,607 shares during the period. Rhumbline Advisers owned about 0.10% of BlackSky Technology worth $339,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC acquired a new stake in shares of BlackSky Technology during the 3rd quarter worth about $3,674,000. Patriot Financial Group Insurance Agency LLC bought a new position in BlackSky Technology in the 4th quarter valued at about $1,297,000. Griffin Asset Management Inc. acquired a new stake in BlackSky Technology during the fourth quarter worth approximately $196,000. SG Americas Securities LLC bought a new stake in shares of BlackSky Technology during the fourth quarter worth approximately $111,000. Finally, LexAurum Advisors LLC acquired a new position in shares of BlackSky Technology in the fourth quarter valued at approximately $108,000. 27.15% of the stock is owned by institutional investors and hedge funds.

BlackSky Technology Price Performance

BlackSky Technology stock opened at $9.93 on Monday. The stock’s fifty day moving average price is $13.66 and its two-hundred day moving average price is $10.06. The firm has a market cap of $305.48 million, a PE ratio of -4.39 and a beta of 1.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. BlackSky Technology Inc. has a one year low of $3.86 and a one year high of $21.92.

Insider Buying and Selling

In other news, CFO Henry Edward Dubois sold 7,938 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 420,779 shares in the company, valued at approximately $4,481,296.35. The trade was a 1.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christiana L. Lin sold 5,550 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $59,107.50. Following the sale, the chief accounting officer now owns 354,143 shares in the company, valued at $3,771,622.95. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,086 shares of company stock worth $245,866. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BKSY shares. Oppenheimer lifted their price target on BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $17.00 target price on shares of BlackSky Technology in a report on Friday. Finally, HC Wainwright reissued a “buy” rating and issued a $20.00 target price on shares of BlackSky Technology in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BlackSky Technology has a consensus rating of “Buy” and an average price target of $21.80.

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.