Barclays PLC Trims Stock Holdings in BlackSky Technology Inc. (NYSE:BKSY)

Barclays PLC lessened its holdings in BlackSky Technology Inc. (NYSE:BKSY) by 54.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,806 shares of the company’s stock after selling 21,247 shares during the quarter. Barclays PLC owned approximately 0.06% of BlackSky Technology worth $84,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Thompson Siegel & Walmsley LLC bought a new position in BlackSky Technology in the third quarter worth approximately $3,674,000. Perkins Capital Management Inc. bought a new position in shares of BlackSky Technology during the 3rd quarter worth $1,114,000. Finally, Squarepoint Ops LLC purchased a new position in shares of BlackSky Technology during the second quarter valued at $295,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BKSY. Oppenheimer started coverage on BlackSky Technology in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price target for the company. Lake Street Capital boosted their target price on shares of BlackSky Technology from $4.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Craig Hallum upgraded shares of BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Friday, October 4th. Finally, HC Wainwright reduced their price objective on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $17.60.

Insider Activity

In other BlackSky Technology news, CAO Christiana L. Lin sold 5,550 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 354,143 shares in the company, valued at $3,771,622.95. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian E. O’toole sold 7,020 shares of BlackSky Technology stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $74,763.00. Following the completion of the sale, the chief executive officer now directly owns 691,909 shares of the company’s stock, valued at $7,368,830.85. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,086 shares of company stock valued at $245,866 in the last quarter. Insiders own 4.50% of the company’s stock.

BlackSky Technology Stock Up 24.8 %

BKSY stock opened at $14.90 on Friday. BlackSky Technology Inc. has a 12 month low of $3.86 and a 12 month high of $15.25. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. The company has a market cap of $458.53 million, a price-to-earnings ratio of -6.59 and a beta of 1.16. The firm has a 50-day moving average of $10.94 and a two-hundred day moving average of $8.64.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.05). BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. The firm had revenue of $22.55 million for the quarter, compared to analyst estimates of $26.93 million. During the same period in the previous year, the firm posted ($0.96) EPS. As a group, analysts forecast that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

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.