Perkins Capital Management Inc. Sells 113,500 Shares of BlackSky Technology Inc. (NYSE:BKSY)

Perkins Capital Management Inc. lessened its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 48.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121,500 shares of the company's stock after selling 113,500 shares during the quarter. BlackSky Technology accounts for approximately 1.2% of Perkins Capital Management Inc.'s holdings, making the stock its 29th largest holding. Perkins Capital Management Inc. owned 0.39% of BlackSky Technology worth $1,311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in shares of BlackSky Technology in the fourth quarter worth about $44,000. SBI Securities Co. Ltd. bought a new position in shares of BlackSky Technology during the fourth quarter worth about $84,000. LexAurum Advisors LLC acquired a new stake in BlackSky Technology in the 4th quarter valued at approximately $108,000. SG Americas Securities LLC bought a new stake in BlackSky Technology in the 4th quarter valued at approximately $111,000. Finally, Capital Investment Counsel Inc acquired a new position in BlackSky Technology during the 4th quarter worth approximately $129,000. 27.15% of the stock is currently owned by institutional investors.

BlackSky Technology Stock Performance

NYSE BKSY traded down $0.70 on Friday, hitting $7.88. 1,778,222 shares of the stock were exchanged, compared to its average volume of 747,191. The company has a market capitalization of $249.35 million, a PE ratio of -3.49 and a beta of 1.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The business's fifty day moving average is $13.16 and its 200 day moving average is $10.06. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $21.92.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Benchmark reissued a "buy" rating and issued a $17.00 price objective 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 target on shares of BlackSky Technology in a research report on Friday, March 7th. Finally, Oppenheimer increased their price objective on shares of BlackSky Technology from $10.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $21.80.

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.