Charles Schwab Investment Management Inc. Buys 93,715 Shares of BlackSky Technology Inc. (NYSE:BKSY)

Charles Schwab Investment Management Inc. increased its stake in shares of BlackSky Technology Inc. (NYSE:BKSY) by 98.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 189,157 shares of the company’s stock after purchasing an additional 93,715 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.61% of BlackSky Technology worth $2,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in BlackSky Technology during the fourth quarter valued at $84,000. LexAurum Advisors LLC bought a new stake in shares of BlackSky Technology during the fourth quarter worth $108,000. SG Americas Securities LLC bought a new position in BlackSky Technology in the 4th quarter worth about $111,000. Capital Investment Counsel Inc bought a new stake in BlackSky Technology during the 4th quarter valued at $129,000. Finally, Griffin Asset Management Inc. purchased a new position in BlackSky Technology during the 4th quarter valued at about $196,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BKSY shares. Oppenheimer raised their price objective 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 target on shares of BlackSky Technology in a research report on Friday, March 7th. Finally, Benchmark reaffirmed a “buy” rating and issued a $17.00 price objective on shares of BlackSky Technology in a report on Friday, March 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $21.80.

BlackSky Technology Price Performance

Shares of NYSE BKSY opened at $7.88 on Friday. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $21.92. The stock has a market capitalization of $249.35 million, a price-to-earnings ratio of -3.49 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. The firm has a 50-day simple moving average of $13.16 and a 200-day simple moving average of $10.06.

BlackSky Technology 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.