BlackSky Technology Inc. (NYSE:BKSY) Short Interest Update

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,620,000 shares, a decrease of 7.4% from the October 15th total of 1,750,000 shares. Based on an average daily volume of 714,800 shares, the short-interest ratio is currently 2.3 days. Approximately 7.0% of the company's stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BKSY shares. Lake Street Capital increased their target price on shares of BlackSky Technology from $4.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Oppenheimer assumed coverage on BlackSky Technology in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $10.00 target price for the company. HC Wainwright reduced their price objective on shares of BlackSky Technology from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Finally, Craig Hallum raised shares of BlackSky Technology from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a research report on Friday, October 4th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, BlackSky Technology currently has an average rating of "Buy" and an average price target of $17.60.

Insider Activity

In other BlackSky Technology news, CFO Henry Edward Dubois sold 23,590 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $169,612.10. Following the transaction, the chief financial officer now owns 231,645 shares in the company, valued at $1,665,527.55. The trade was a 9.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Christiana L. Lin sold 13,031 shares of BlackSky Technology stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $93,692.89. Following the sale, the chief accounting officer now owns 190,775 shares of the company's stock, valued at approximately $1,371,672.25. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,362 shares of company stock worth $446,535 over the last quarter. Corporate insiders own 4.50% of the company's stock.

Institutional Trading of BlackSky Technology

Several institutional investors have recently bought and sold shares of BKSY. Vanguard Group Inc. boosted its stake in shares of BlackSky Technology by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company's stock valued at $7,197,000 after purchasing an additional 800,287 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of BlackSky Technology by 134.5% in the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company's stock worth $198,000 after acquiring an additional 83,462 shares in the last quarter. LA Financiere DE L Echiquier boosted its holdings in shares of BlackSky Technology by 13.6% in the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company's stock worth $998,000 after acquiring an additional 112,000 shares in the last quarter. Squarepoint Ops LLC bought a new stake in BlackSky Technology during the 2nd quarter worth approximately $295,000. Finally, Perkins Capital Management Inc. acquired a new stake in shares of BlackSky Technology in the third quarter valued at $1,114,000. Institutional investors and hedge funds own 27.15% of the company's stock.

BlackSky Technology Stock Performance

Shares of BKSY traded up $0.60 during trading hours on Monday, reaching $9.02. 609,302 shares of the company traded hands, compared to its average volume of 290,373. The stock has a market cap of $277.64 million, a P/E ratio of -4.03 and a beta of 0.92. BlackSky Technology has a 1-year low of $3.86 and a 1-year high of $14.16. The stock's fifty day moving average is $6.27 and its 200 day moving average is $7.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.19 and a current ratio of 5.68.

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). The business had revenue of $22.55 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted ($0.96) earnings per share. Equities research analysts anticipate that BlackSky Technology will post -2.28 earnings per share for the current fiscal year.

BlackSky Technology Company 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.