BlackSky Technology (NYSE:BKSY) Sets New 12-Month High - Should You Buy?

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $20.20 and last traded at $19.73, with a volume of 1173109 shares. The stock had previously closed at $16.83.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BKSY shares. Oppenheimer lifted their price objective on BlackSky Technology from $10.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday. HC Wainwright boosted their price target on BlackSky Technology from $12.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $23.20.

BlackSky Technology Stock Performance

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 company has a market cap of $513.39 million, a P/E ratio of -7.38 and a beta of 1.20. The company has a 50 day moving average price of $13.24 and a 200-day moving average price of $9.71.

Insider Activity at BlackSky Technology

In other news, CAO Christiana L. Lin sold 5,550 shares of the company's stock in a transaction on 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 directly owns 354,143 shares in the company, valued at approximately $3,771,622.95. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Henry Edward Dubois sold 7,938 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $84,539.70. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 23,086 shares of company stock valued at $245,866 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BlackSky Technology

Institutional investors and hedge funds have recently bought and sold shares of the company. Perkins Capital Management Inc. bought a new stake in shares of BlackSky Technology during the third quarter worth about $1,114,000. Thompson Siegel & Walmsley LLC acquired a new stake in BlackSky Technology during the 3rd quarter worth approximately $3,674,000. SG Americas Securities LLC bought a new stake in BlackSky Technology during the 4th quarter worth approximately $111,000. LexAurum Advisors LLC acquired a new position in BlackSky Technology in the 4th quarter valued at approximately $108,000. Finally, Griffin Asset Management Inc. bought a new position in shares of BlackSky Technology during the fourth quarter valued at $196,000. 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.