BlackSky Technology (NYSE:BKSY) Shares Gap Up - Still a Buy?

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $16.36, but opened at $17.57. BlackSky Technology shares last traded at $16.96, with a volume of 481,600 shares traded.

Analyst Ratings Changes

Separately, HC Wainwright increased their target price on shares of 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 MarketBeat.com, BlackSky Technology has a consensus rating of "Buy" and an average target price of $19.20.

BlackSky Technology Stock Down 5.3 %

The business's 50-day simple moving average is $12.51 and its 200 day simple moving average is $9.38. The firm has a market cap of $517.94 million, a PE ratio of -7.45 and a beta of 1.20. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89.

Insider Transactions at BlackSky Technology

In other BlackSky Technology news, CAO Christiana L. Lin sold 5,550 shares of the 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 completion of the sale, the chief accounting officer now directly owns 354,143 shares in the company, valued at approximately $3,771,622.95. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian E. O'toole sold 7,020 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $74,763.00. Following the completion of the transaction, the chief executive officer now directly owns 691,909 shares of the company's stock, valued at $7,368,830.85. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,086 shares of company stock valued at $245,866. Corporate insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On BlackSky Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. Griffin Asset Management Inc. acquired a new stake in BlackSky Technology during the fourth quarter worth about $196,000. Patriot Financial Group Insurance Agency LLC acquired a new position in BlackSky Technology during the fourth quarter worth about $1,297,000. SG Americas Securities LLC acquired a new stake in shares of BlackSky Technology in the fourth quarter valued at approximately $111,000. LexAurum Advisors LLC purchased a new stake in BlackSky Technology in the 4th quarter valued at $108,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of BlackSky Technology by 98.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 189,157 shares of the company's stock worth $2,041,000 after acquiring an additional 93,715 shares during the period. 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.