Jane Street Group LLC Sells 134,306 Shares of BlackSky Technology Inc. (NYSE:BKSY)

Jane Street Group LLC cut its holdings in BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 88.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,983 shares of the company's stock after selling 134,306 shares during the period. Jane Street Group LLC owned about 0.10% of BlackSky Technology worth $85,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Thompson Siegel & Walmsley LLC acquired a new stake in BlackSky Technology in the third quarter valued at approximately $3,674,000. Squarepoint Ops LLC acquired a new position in BlackSky Technology during the 2nd quarter valued at about $295,000. Finally, Perkins Capital Management Inc. bought a new position in shares of BlackSky Technology in the third quarter worth $1,114,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Henry Edward Dubois sold 7,938 shares of BlackSky Technology stock in a transaction on 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 transaction, the chief financial officer now owns 420,779 shares of the company's stock, valued at $4,481,296.35. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian E. O'toole sold 7,020 shares of the company'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 $74,763.00. Following the sale, the chief executive officer now directly owns 691,909 shares in the company, valued at $7,368,830.85. This trade represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,086 shares of company stock valued at $245,866. 4.50% of the stock is currently owned by insiders.

BlackSky Technology Stock Up 3.9 %

Shares of BKSY traded up $0.37 on Wednesday, hitting $9.97. The company's stock had a trading volume of 548,797 shares, compared to its average volume of 851,698. The firm's fifty day moving average price is $10.35 and its 200-day moving average price is $8.45. The firm has a market capitalization of $306.87 million, a price-to-earnings ratio of -4.41 and a beta of 1.16. 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 $14.16.

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

Wall Street Analysts Forecast Growth

BKSY has been the topic of several recent research reports. Oppenheimer initiated coverage on BlackSky Technology in a report on Wednesday, October 2nd. They issued 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 report on Monday, September 30th. HC Wainwright decreased their price target on shares of BlackSky Technology from $15.00 to $12.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Finally, Craig Hallum upgraded shares of BlackSky Technology from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a research note on Friday, October 4th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $17.60.

About BlackSky Technology

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.