Geode Capital Management LLC cut its stake in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 87.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,017 shares of the company's stock after selling 1,906,907 shares during the quarter. Geode Capital Management LLC owned about 1.53% of BlackSky Technology worth $1,346,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Perkins Capital Management Inc. acquired a new stake in shares of BlackSky Technology during the 3rd quarter worth approximately $1,114,000. Squarepoint Ops LLC purchased a new position in BlackSky Technology in the 2nd quarter valued at $295,000. Finally, Thompson Siegel & Walmsley LLC acquired a new position in BlackSky Technology during the third quarter worth about $3,674,000. 27.15% of the stock is owned by hedge funds and other institutional investors.
BlackSky Technology Price Performance
Shares of BKSY traded down $0.31 during trading hours on Friday, reaching $9.82. The company had a trading volume of 962,599 shares, compared to its average volume of 957,983. BlackSky Technology Inc. has a 12-month low of $3.86 and a 12-month high of $14.16. The company has a market capitalization of $302.25 million, a price-to-earnings ratio of -4.35 and a beta of 1.16. 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 firm has a 50 day simple moving average of $10.14 and a 200-day simple moving average of $8.42.
BlackSky Technology (NYSE:BKSY - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.66) EPS for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.05). BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. The firm had revenue of $22.55 million for the quarter, compared to analyst estimates of $26.93 million. During the same quarter in the previous year, the company earned ($0.96) earnings per share. Research analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. Craig Hallum raised shares of BlackSky Technology from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a research note on Friday, October 4th. Oppenheimer initiated coverage on shares of BlackSky Technology in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $10.00 price target on the stock. Lake Street Capital boosted their target price on BlackSky Technology from $4.00 to $32.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Finally, HC Wainwright cut their price objective on shares of BlackSky Technology from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, BlackSky Technology currently has an average rating of "Buy" and a consensus price target of $17.60.
Check Out Our Latest Analysis on BKSY
Insiders Place Their Bets
In other BlackSky Technology news, CAO Christiana L. Lin sold 5,550 shares of the firm'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 of the company's stock, valued at $3,771,622.95. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Henry Edward Dubois sold 7,938 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $84,539.70. Following the completion of the sale, the chief financial officer now owns 420,779 shares in the company, valued at approximately $4,481,296.35. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,086 shares of company stock worth $245,866 in the last quarter. 4.50% of the stock is owned by corporate insiders.
BlackSky Technology Company Profile
(
Free Report)
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.
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