BlackSky Technology Inc. (NYSE:BKSY) Short Interest Up 22.1% in January

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,100,000 shares, a growth of 22.1% from the December 31st total of 1,720,000 shares. Based on an average daily trading volume, of 1,000,000 shares, the short-interest ratio is presently 2.1 days. Currently, 8.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price target on shares of BlackSky Technology from $12.00 to $20.00 and gave the stock a "buy" rating in a report on Monday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, BlackSky Technology presently has an average rating of "Buy" and a consensus price target of $19.20.

Insider Transactions at BlackSky Technology

In related news, CFO Henry Edward Dubois sold 7,938 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 value of $84,539.70. Following the sale, the chief financial officer now owns 420,779 shares in the company, valued at $4,481,296.35. This 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 this hyperlink. Also, CEO Brian E. O'toole sold 7,020 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $74,763.00. Following the completion of the sale, the chief executive officer now owns 691,909 shares in the company, valued at $7,368,830.85. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,086 shares of company stock worth $245,866. Company insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On BlackSky Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in BlackSky Technology in the 2nd quarter valued at $295,000. Perkins Capital Management Inc. purchased a new stake in shares of BlackSky Technology during the third quarter worth $1,114,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of BlackSky Technology in the third quarter valued at about $3,674,000. SG Americas Securities LLC purchased a new position in shares of BlackSky Technology in the fourth quarter worth about $111,000. Finally, LexAurum Advisors LLC purchased a new stake in BlackSky Technology during the 4th quarter valued at about $108,000. Hedge funds and other institutional investors own 27.15% of the company's stock.

BlackSky Technology Price Performance

Shares of NYSE:BKSY traded up $2.62 during midday trading on Tuesday, reaching $17.81. 2,975,155 shares of the company's stock traded hands, compared to its average volume of 1,758,014. The company has a fifty day simple moving average of $11.54 and a two-hundred day simple moving average of $8.92. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $18.30. The company has a market cap of $548.20 million, a P/E ratio of -7.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly earnings data 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 net margin of 38.83% and a negative return on equity of 49.91%. During the same period in the previous year, the business earned ($0.96) earnings per share. Equities analysts predict that BlackSky Technology will post -2.28 EPS for the current fiscal year.

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.