Thompson Siegel & Walmsley LLC Cuts Stock Position in BlackSky Technology Inc. $BKSY

Thompson Siegel & Walmsley LLC lowered its position in BlackSky Technology Inc. (NYSE:BKSY) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,634 shares of the company’s stock after selling 17,584 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in BlackSky Technology were worth $1,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKSY. Goldman Sachs Group Inc. grew its position in shares of BlackSky Technology by 343.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after buying an additional 432,023 shares during the last quarter. Wasatch Advisors LP purchased a new stake in BlackSky Technology during the 3rd quarter worth approximately $8,278,000. Portolan Capital Management LLC purchased a new stake in BlackSky Technology during the 3rd quarter worth approximately $7,855,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in BlackSky Technology during the 4th quarter worth approximately $7,930,000. Finally, Invesco Ltd. grew its position in BlackSky Technology by 94.9% during the 2nd quarter. Invesco Ltd. now owns 423,845 shares of the company’s stock worth $8,723,000 after purchasing an additional 206,371 shares during the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.

BlackSky Technology Stock Up 3.6%

BKSY stock opened at $43.89 on Wednesday. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.46 and a quick ratio of 3.34. The firm’s fifty day simple moving average is $36.49 and its 200-day simple moving average is $26.62. BlackSky Technology Inc. has a 12 month low of $10.80 and a 12 month high of $52.88. The company has a market capitalization of $1.63 billion, a P/E ratio of -17.21 and a beta of 2.52.

BlackSky Technology (NYSE:BKSY) last posted its earnings results on Thursday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.45). BlackSky Technology had a negative net margin of 89.07% and a negative return on equity of 74.25%. The firm had revenue of $20.77 million during the quarter, compared to analyst estimates of $27.60 million. As a group, equities research analysts forecast that BlackSky Technology Inc. will post -1.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BKSY shares. Jefferies Financial Group downgraded shares of BlackSky Technology from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Monday. HC Wainwright reissued a “buy” rating and set a $42.00 target price on shares of BlackSky Technology in a research report on Friday, February 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research report on Monday, April 20th. Wall Street Zen downgraded shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, Canaccord Genuity Group dropped their target price on shares of BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BlackSky Technology currently has a consensus rating of “Hold” and a consensus price target of $36.50.

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.