BlackSky Technology Inc. (NYSE:BKSY) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in BlackSky Technology Inc. (NYSE:BKSY) by 89.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,298 shares of the company’s stock after buying an additional 26,528 shares during the period. Bank of New York Mellon Corp owned 0.18% of BlackSky Technology worth $607,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of BlackSky Technology in the fourth quarter valued at approximately $111,000. LexAurum Advisors LLC acquired a new stake in BlackSky Technology in the fourth quarter worth approximately $108,000. Griffin Asset Management Inc. bought a new position in BlackSky Technology during the 4th quarter valued at $196,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of BlackSky Technology during the 4th quarter valued at $1,297,000. Finally, Rhumbline Advisers raised its stake in shares of BlackSky Technology by 98.5% in the 4th quarter. Rhumbline Advisers now owns 31,446 shares of the company’s stock worth $339,000 after buying an additional 15,607 shares in the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology Trading Down 3.6 %

Shares of NYSE BKSY opened at $9.18 on Thursday. 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 Inc. has a 12 month low of $3.86 and a 12 month high of $21.92. The company has a market cap of $290.30 million, a price-to-earnings ratio of -4.06 and a beta of 1.27. The business has a fifty day simple moving average of $13.27 and a 200-day simple moving average of $10.07.

Analyst Ratings Changes

BKSY has been the subject of several research reports. Oppenheimer raised their target price on BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Benchmark restated a “buy” rating and set a $17.00 price objective on shares of BlackSky Technology in a research report on Friday, March 7th. Finally, HC Wainwright reiterated a “buy” rating and issued a $20.00 target price on shares of BlackSky Technology in a report on Friday, March 7th. Five research 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 an average target price of $21.80.

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.