Thompson Siegel & Walmsley LLC Sells 250,929 Shares of BlackSky Technology Inc. (NYSE:BKSY)

Thompson Siegel & Walmsley LLC reduced its stake in BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 524,071 shares of the company's stock after selling 250,929 shares during the period. Thompson Siegel & Walmsley LLC owned about 1.70% of BlackSky Technology worth $5,655,000 as of its most recent filing with the Securities and Exchange Commission.

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

BlackSky Technology Trading Down 7.6 %

Shares of BKSY traded down $0.71 during trading hours on Tuesday, hitting $8.65. 1,158,906 shares of the stock were exchanged, compared to its average volume of 709,178. BlackSky Technology Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $21.92. The business has a 50-day moving average of $13.42 and a 200-day moving average of $10.04. The firm has a market capitalization of $266.12 million, a P/E ratio of -3.83 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.

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Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BKSY shares. HC Wainwright restated a "buy" rating and issued a $20.00 price target on shares of BlackSky Technology in a research report on Friday, March 7th. Benchmark restated a "buy" rating and issued a $17.00 price objective on shares of BlackSky Technology in a report on Friday, March 7th. Finally, Oppenheimer lifted their target price on BlackSky Technology from $10.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $21.80.

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.