ExodusPoint Capital Management LP Purchases Shares of 65,114 BlackSky Technology Inc. (NYSE:BKSY)

ExodusPoint Capital Management LP purchased a new position in BlackSky Technology Inc. (NYSE:BKSY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 65,114 shares of the company's stock, valued at approximately $703,000. ExodusPoint Capital Management LP owned about 0.21% of BlackSky Technology as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Griffin Asset Management Inc. purchased a new position in shares of BlackSky Technology during the 4th quarter valued at $196,000. Bank of New York Mellon Corp lifted its holdings in BlackSky Technology by 89.1% during the fourth quarter. Bank of New York Mellon Corp now owns 56,298 shares of the company's stock valued at $607,000 after purchasing an additional 26,528 shares during the last quarter. Rhumbline Advisers boosted its position in BlackSky Technology by 98.5% during the fourth quarter. Rhumbline Advisers now owns 31,446 shares of the company's stock worth $339,000 after purchasing an additional 15,607 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of BlackSky Technology in the fourth quarter worth about $1,297,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of BlackSky Technology in the fourth quarter valued at approximately $44,000. Institutional investors own 27.15% of the company's stock.

BlackSky Technology Price Performance

NYSE:BKSY traded down $0.01 during midday trading on Tuesday, hitting $7.26. The company had a trading volume of 605,245 shares, compared to its average volume of 780,826. The company has a market capitalization of $229.64 million, a PE ratio of -3.21 and a beta of 1.61. 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 52-week low of $3.86 and a 52-week high of $21.92. The stock's fifty day moving average price is $11.45 and its 200-day moving average price is $10.26.

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Analysts Set New Price Targets

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

BlackSky Technology 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.