BlackSky Technology (NYSE:BKSY) Price Target Raised to $30.00

BlackSky Technology (NYSE:BKSY) had its price target boosted by equities researchers at Oppenheimer from $10.00 to $30.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 43.99% from the company’s current price.

Separately, HC Wainwright boosted their target price on BlackSky Technology from $12.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BlackSky Technology presently has a consensus rating of “Buy” and a consensus price target of $23.20.

BlackSky Technology Stock Performance

Shares of BKSY traded up $1.99 during midday trading on Wednesday, reaching $20.84. 2,773,620 shares of the stock were exchanged, compared to its average volume of 1,717,535. The company has a market cap of $641.30 million, a P/E ratio of -9.36 and a beta of 1.20. The stock’s 50 day simple moving average is $12.63 and its 200 day simple moving average is $9.44. BlackSky Technology has a twelve month low of $3.86 and a twelve month high of $21.92. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89.

Insider Buying and Selling at BlackSky Technology

In other news, CFO Henry Edward Dubois sold 7,938 shares of the firm’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 transaction of $84,539.70. Following the completion of the sale, the chief financial officer now owns 420,779 shares of the company’s stock, valued at $4,481,296.35. This trade represents a 1.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian E. O’toole sold 7,020 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value of $74,763.00. Following the completion of the transaction, the chief executive officer now owns 691,909 shares in the company, valued at approximately $7,368,830.85. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,086 shares of company stock valued at $245,866. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackSky Technology

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in shares of BlackSky Technology by 22.7% during the 4th quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company’s stock worth $40,000 after purchasing an additional 683 shares during the period. Summit Investment Advisors Inc. increased its holdings in BlackSky Technology by 115.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company’s stock worth $28,000 after acquiring an additional 1,406 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in BlackSky Technology by 2.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 59,450 shares of the company’s stock valued at $641,000 after buying an additional 1,700 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in BlackSky Technology during the 4th quarter valued at about $44,000. Finally, Corebridge Financial Inc. grew its holdings in BlackSky Technology by 73.0% during the 4th quarter. Corebridge Financial Inc. now owns 12,481 shares of the company’s stock valued at $135,000 after buying an additional 5,266 shares in the last quarter. 27.15% of the stock is currently 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.