BlackSky Technology Inc. (NYSE:BKSY) Short Interest Update

BlackSky Technology Inc. (NYSE:BKSY) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,720,000 shares, a growth of 12.4% from the November 30th total of 1,530,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 7.2% of the company’s shares are sold short.

BlackSky Technology Stock Down 2.3 %

NYSE:BKSY traded down $0.25 during trading hours on Wednesday, reaching $10.79. 1,058,243 shares of the company traded hands, compared to its average volume of 371,318. 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 business’s 50-day moving average price is $9.63 and its two-hundred day moving average price is $8.28. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $14.16. The stock has a market capitalization of $332.11 million, a P/E ratio of -4.77 and a beta of 1.15.

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

Analysts Set New Price Targets

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

Insider Activity at BlackSky Technology

In other BlackSky Technology news, CFO Henry Edward Dubois sold 7,938 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 value of $84,539.70. Following the completion of the sale, the chief financial officer now 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 can be accessed through the SEC website. Also, CAO Christiana L. Lin sold 5,550 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 $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 trade represents 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 worth $245,866 in the last three months. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in BlackSky Technology in the 2nd quarter worth approximately $295,000. Perkins Capital Management Inc. purchased a new position in shares of BlackSky Technology in the third quarter worth $1,114,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in shares of BlackSky Technology during the third quarter valued at $3,674,000. Institutional investors own 27.15% of the company’s stock.

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.