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

BlackSky Technology Inc. (NYSE:BKSY) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,100,000 shares, an increase of 22.1% from the December 15th total of 1,720,000 shares. Based on an average daily volume of 1,000,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 8.8% of the company’s shares are short sold.

Insider Transactions at BlackSky Technology

In other news, CAO Christiana L. Lin sold 5,550 shares of BlackSky Technology stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $59,107.50. Following the completion of the sale, the chief accounting officer now owns 354,143 shares of the company’s stock, valued at approximately $3,771,622.95. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Henry Edward Dubois sold 7,938 shares of the 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 completion of the transaction, the chief financial officer now directly owns 420,779 shares in the company, valued at approximately $4,481,296.35. This trade represents a 1.85 % 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. 4.50% of the stock is currently owned by insiders.

Institutional Trading of BlackSky Technology

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

BlackSky Technology Stock Performance

Shares of BlackSky Technology stock opened at $11.73 on Friday. The company has a market capitalization of $360.95 million, a PE ratio of -5.19 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. The company has a 50-day simple moving average of $10.48 and a two-hundred day simple moving average of $8.49. BlackSky Technology has a one year low of $3.86 and a one year high of $14.16.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.05). BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. The firm had revenue of $22.55 million for the quarter, compared to the consensus estimate of $26.93 million. During the same quarter last year, the firm earned ($0.96) EPS. Research analysts expect that BlackSky Technology will post -2.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.