BlackSky Technology (NYSE:BKSY) Given “Buy” Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of BlackSky Technology (NYSE:BKSY) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $20.00 price objective on the stock.

Separately, Oppenheimer boosted their price objective on BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $21.80.

BlackSky Technology Stock Down 0.8 %

Shares of BlackSky Technology stock opened at $9.93 on Friday. 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 market cap of $305.48 million, a P/E ratio of -4.39 and a beta of 1.27. BlackSky Technology has a fifty-two week low of $3.86 and a fifty-two week high of $21.92. The business has a 50-day moving average price of $13.66 and a 200 day moving average price of $10.06.

Insider Activity

In other news, CEO Brian E. O’toole sold 7,020 shares of the company’s 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 $74,763.00. Following the completion of the transaction, the chief executive officer now directly owns 691,909 shares of the company’s stock, valued at approximately $7,368,830.85. This represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christiana L. Lin sold 5,550 shares of the company’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 of the company’s stock, 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. Over the last ninety days, insiders sold 23,086 shares of company stock valued at $245,866. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BlackSky Technology

Several institutional investors have recently made changes to their positions in BKSY. BNP Paribas Financial Markets boosted its position in shares of BlackSky Technology by 22.7% during the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company’s stock worth $40,000 after buying an additional 683 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of BlackSky Technology by 115.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company’s stock worth $28,000 after buying an additional 1,406 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of BlackSky Technology by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 59,450 shares of the company’s stock worth $641,000 after buying an additional 1,700 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of BlackSky Technology during the fourth quarter worth approximately $44,000. Finally, Corebridge Financial Inc. boosted its position in shares of BlackSky Technology by 73.0% during the fourth quarter. Corebridge Financial Inc. now owns 12,481 shares of the company’s stock worth $135,000 after buying an additional 5,266 shares during the period. 27.15% of the stock is owned by institutional investors.

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.