Invesco Ltd. Invests $3.87 Million in BlackSky Technology Inc. (NYSE:BKSY)

Invesco Ltd. acquired a new position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 358,435 shares of the company's stock, valued at approximately $3,868,000. Invesco Ltd. owned 1.16% of BlackSky Technology as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BKSY. Trexquant Investment LP lifted its stake in shares of BlackSky Technology by 2,309.8% in the 4th quarter. Trexquant Investment LP now owns 301,590 shares of the company's stock valued at $3,254,000 after purchasing an additional 289,075 shares during the period. Geode Capital Management LLC lifted its stake in BlackSky Technology by 94.2% in the fourth quarter. Geode Capital Management LLC now owns 551,444 shares of the company's stock valued at $5,951,000 after buying an additional 267,427 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new position in shares of BlackSky Technology during the 4th quarter worth approximately $1,297,000. Charles Schwab Investment Management Inc. boosted 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 buying an additional 93,715 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in shares of BlackSky Technology in the 4th quarter valued at $703,000. Institutional investors own 27.15% of the company's stock.

Analysts Set New Price Targets

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

BlackSky Technology Stock Up 3.7 %

Shares of NYSE:BKSY opened at $8.48 on Monday. The stock has a market cap of $268.41 million, a price-to-earnings ratio of -3.75 and a beta of 1.61. The business's 50 day moving average is $9.68 and its 200 day moving average is $10.38. BlackSky Technology Inc. has a 12-month low of $3.86 and a 12-month high of $21.92. 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 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.

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