Trexquant Investment LP Buys 289,075 Shares of BlackSky Technology Inc. (NYSE:BKSY)

Trexquant Investment LP increased its position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) by 2,309.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,590 shares of the company's stock after purchasing an additional 289,075 shares during the period. Trexquant Investment LP owned about 0.98% of BlackSky Technology worth $3,254,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BKSY. Farther Finance Advisors LLC bought a new stake in BlackSky Technology in the 4th quarter valued at $44,000. CIBC Private Wealth Group LLC bought a new stake in BlackSky Technology in the fourth quarter valued at about $76,000. SBI Securities Co. Ltd. bought a new stake in BlackSky Technology in the fourth quarter valued at about $84,000. LexAurum Advisors LLC acquired a new position in BlackSky Technology in the fourth quarter worth about $108,000. Finally, SG Americas Securities LLC bought a new position in BlackSky Technology during the fourth quarter worth about $111,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

BlackSky Technology Price Performance

NYSE BKSY traded up $0.12 during trading hours on Friday, reaching $7.66. 487,934 shares of the company's stock were exchanged, compared to its average volume of 778,570. The firm has a fifty day moving average of $11.66 and a 200-day moving average of $10.20. BlackSky Technology Inc. has a one year low of $3.86 and a one year high of $21.92. The stock has a market cap of $242.20 million, a PE ratio of -3.39 and a beta of 1.61. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89.

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Analysts Set New Price Targets

BKSY has been the topic of several analyst reports. Benchmark reiterated a "buy" rating and issued a $17.00 price objective on shares of BlackSky Technology in a research note on Friday, March 7th. HC Wainwright reiterated a "buy" rating and issued a $20.00 price target on shares of BlackSky Technology in a research report on Friday, March 7th. Oppenheimer increased their price objective on BlackSky Technology from $10.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group assumed coverage on shares of BlackSky Technology in a research note on Thursday. They issued a "buy" rating and a $12.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, BlackSky Technology currently has a consensus rating of "Buy" and an average price target of $20.17.

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.