Geode Capital Management LLC Has $5.95 Million Stock Position in BlackSky Technology Inc. (NYSE:BKSY)

Geode Capital Management LLC raised its stake in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 94.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551,444 shares of the company's stock after buying an additional 267,427 shares during the quarter. Geode Capital Management LLC owned about 1.79% of BlackSky Technology worth $5,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in BlackSky Technology in the 4th quarter worth approximately $44,000. Corebridge Financial Inc. increased its stake in BlackSky Technology by 73.0% during the 4th quarter. Corebridge Financial Inc. now owns 12,481 shares of the company's stock worth $135,000 after buying an additional 5,266 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of BlackSky Technology in the fourth quarter worth about $76,000. SBI Securities Co. Ltd. purchased a new stake in shares of BlackSky Technology in the fourth quarter valued at approximately $84,000. Finally, LexAurum Advisors LLC acquired a new stake in shares of BlackSky Technology in the 4th quarter worth $108,000. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

BlackSky Technology Price Performance

BKSY stock traded up $0.06 during trading on Tuesday, hitting $8.61. The company had a trading volume of 434,883 shares, compared to its average volume of 803,449. BlackSky Technology Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $21.92. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average of $9.45 and a 200 day moving average of $10.40. The firm has a market capitalization of $272.52 million, a price-to-earnings ratio of -3.81 and a beta of 1.61.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Oppenheimer increased their price objective on BlackSky Technology from $10.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Benchmark reiterated a "buy" rating and issued a $17.00 price objective on shares of BlackSky Technology in a research note on Friday, March 7th. Canaccord Genuity Group initiated coverage on BlackSky Technology in a report on Thursday, April 10th. They issued a "buy" rating and a $12.00 target price on the stock. Finally, HC Wainwright reissued a "buy" rating and issued a $20.00 price target on shares of BlackSky Technology in a report on Friday, March 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $20.17.

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.