BlackSky Technology Inc. (NYSE:BKSY) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 98.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 189,157 shares of the company's stock after purchasing an additional 93,715 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.61% of BlackSky Technology worth $2,041,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BKSY. SBI Securities Co. Ltd. acquired a new position in BlackSky Technology in the 4th quarter worth approximately $84,000. LexAurum Advisors LLC acquired a new stake in shares of BlackSky Technology in the fourth quarter worth $108,000. SG Americas Securities LLC acquired a new stake in shares of BlackSky Technology in the fourth quarter worth $111,000. Capital Investment Counsel Inc purchased a new position in shares of BlackSky Technology during the fourth quarter worth $129,000. Finally, Rhumbline Advisers lifted its position in BlackSky Technology by 98.5% during the fourth quarter. Rhumbline Advisers now owns 31,446 shares of the company's stock valued at $339,000 after purchasing an additional 15,607 shares during the period. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

BlackSky Technology Price Performance

Shares of NYSE:BKSY traded up $0.31 during trading on Wednesday, reaching $8.04. 628,506 shares of the company's stock traded hands, compared to its average volume of 753,513. 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 Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $21.92. The company has a 50-day simple moving average of $12.92 and a 200-day simple moving average of $10.12. The firm has a market cap of $254.39 million, a PE ratio of -3.56 and a beta of 1.27.

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Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer increased their price target on BlackSky Technology from $10.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Benchmark reiterated a "buy" rating and set a $17.00 price target on shares of BlackSky Technology in a research report on Friday, March 7th. 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, BlackSky Technology currently has a consensus rating of "Buy" and a consensus price target of $21.80.

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.