Griffin Asset Management Inc. Makes New $196,000 Investment in BlackSky Technology Inc. (NYSE:BKSY)

Griffin Asset Management Inc. purchased a new position in BlackSky Technology Inc. (NYSE:BKSY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,125 shares of the company's stock, valued at approximately $196,000. Griffin Asset Management Inc. owned approximately 0.06% of BlackSky Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of BKSY. LexAurum Advisors LLC bought a new position in shares of BlackSky Technology in the fourth quarter valued at approximately $108,000. SG Americas Securities LLC bought a new position in shares of BlackSky Technology during the fourth quarter valued at about $111,000. Thompson Siegel & Walmsley LLC bought a new stake in BlackSky Technology in the 3rd quarter worth about $3,674,000. Perkins Capital Management Inc. purchased a new stake in BlackSky Technology in the 3rd quarter valued at about $1,114,000. Finally, Squarepoint Ops LLC purchased a new position in shares of BlackSky Technology in the 2nd quarter worth approximately $295,000. 27.15% of the stock is owned by institutional investors and hedge funds.

BlackSky Technology Stock Performance

Shares of BKSY stock traded up $1.41 during trading on Friday, reaching $14.98. 1,888,049 shares of the company's stock traded hands, compared to its average volume of 1,578,216. The firm's 50-day moving average is $11.32 and its 200 day moving average is $8.82. The company has a market capitalization of $460.99 million, a P/E ratio of -6.63 and a beta of 1.16. BlackSky Technology Inc. has a 1 year low of $3.86 and a 1 year high of $17.39. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.05). The company had revenue of $22.55 million for the quarter, compared to analysts' expectations of $26.93 million. BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. During the same quarter in the prior year, the company earned ($0.96) EPS. Equities research analysts expect that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Henry Edward Dubois sold 7,938 shares of BlackSky Technology stock in a transaction dated Tuesday, December 10th. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Christiana L. Lin sold 5,550 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 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 disclosure for this sale can be found here. Insiders sold a total of 23,086 shares of company stock worth $245,866 in the last quarter. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on BKSY shares. HC Wainwright dropped their price target on BlackSky Technology from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Craig Hallum raised shares of BlackSky Technology from a "hold" rating to a "buy" rating and set a $10.00 price target on the stock in a report on Friday, October 4th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, BlackSky Technology presently has a consensus rating of "Buy" and an average target price of $17.60.

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.