BlackSky Technology (NYSE:BKSY) Receives Buy Rating from Benchmark

BlackSky Technology (NYSE:BKSY)‘s stock had its “buy” rating reiterated by equities research analysts at Benchmark in a note issued to investors on Friday,Benzinga reports. They presently have a $17.00 price objective on the stock. Benchmark’s price objective would suggest a potential upside of 71.28% from the stock’s previous close.

BKSY has been the topic of several other reports. HC Wainwright reaffirmed a “buy” rating and issued a $20.00 price target on shares of BlackSky Technology in a report on Friday. Oppenheimer lifted their price objective on shares of BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $21.80.

BlackSky Technology Stock Down 0.8 %

NYSE BKSY traded down $0.09 on Friday, hitting $9.93. The stock had a trading volume of 229,064 shares, compared to its average volume of 1,813,286. The business’s fifty day moving average price is $13.69 and its 200 day moving average price is $10.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. BlackSky Technology has a 52-week low of $3.86 and a 52-week high of $21.92. The stock has a market cap of $305.48 million, a price-to-earnings ratio of -4.45 and a beta of 1.27.

Insider Activity at BlackSky Technology

In other news, CFO Henry Edward Dubois sold 7,938 shares of the business’s stock in a transaction dated 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. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Christiana L. Lin sold 5,550 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $59,107.50. Following the completion of the transaction, the chief accounting officer now owns 354,143 shares in the company, valued at $3,771,622.95. The trade was 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 over the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On BlackSky Technology

A number of hedge funds have recently added to or reduced their stakes in BKSY. Summit Investment Advisors Inc. lifted its holdings in BlackSky Technology by 115.2% during the 4th 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 in the last quarter. BNP Paribas Financial Markets increased its position in shares of BlackSky Technology by 22.7% in the 4th quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company’s stock valued at $40,000 after purchasing an additional 683 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of BlackSky Technology in the 4th quarter valued at $44,000. CIBC Private Wealth Group LLC purchased a new position in shares of BlackSky Technology in the 4th quarter valued at $76,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of BlackSky Technology in the 4th quarter valued at $84,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

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.