BlackSky Technology’s (BKSY) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of BlackSky Technology (NYSE:BKSY) in a report released on Friday morning,Benzinga reports. They currently have a $20.00 price objective on the stock.

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

BlackSky Technology Price Performance

Shares of NYSE:BKSY opened at $9.93 on Friday. The company has a market cap of $305.48 million, a P/E ratio of -4.39 and a beta of 1.27. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89. BlackSky Technology has a 52 week low of $3.86 and a 52 week high of $21.92. The business has a fifty day simple moving average of $13.66 and a 200-day simple moving average of $10.06.

Insider Activity at BlackSky Technology

In other BlackSky Technology news, CFO Henry Edward Dubois sold 7,938 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $84,539.70. Following the transaction, the chief financial officer now owns 420,779 shares in the company, valued at $4,481,296.35. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Christiana L. Lin sold 5,550 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value of $59,107.50. Following the transaction, the chief accounting officer now owns 354,143 shares in the company, valued at approximately $3,771,622.95. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,086 shares of company stock worth $245,866. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP acquired a new position in shares of BlackSky Technology during the fourth quarter worth about $1,219,000. Nuveen Asset Management LLC increased its position in shares of BlackSky Technology by 20.5% during the fourth quarter. Nuveen Asset Management LLC now owns 72,890 shares of the company’s stock worth $786,000 after acquiring an additional 12,378 shares during the last quarter. Mithril II GP LP purchased a new stake in shares of BlackSky Technology during the fourth quarter worth about $11,116,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BlackSky Technology by 93.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,159 shares of the company’s stock worth $153,000 after acquiring an additional 6,835 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in shares of BlackSky Technology during the fourth quarter worth about $186,000. Institutional investors and hedge funds 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.