120,200 Shares in BlackSky Technology Inc. (NYSE:BKSY) Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC purchased a new stake in BlackSky Technology Inc. (NYSE:BKSY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 120,200 shares of the company’s stock, valued at approximately $1,297,000.

Other institutional investors have also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC acquired a new position in shares of BlackSky Technology in the 3rd quarter valued at about $3,674,000. Squarepoint Ops LLC acquired a new position in shares of BlackSky Technology in the 2nd quarter valued at about $295,000. Perkins Capital Management Inc. acquired a new position in shares of BlackSky Technology in the 3rd quarter valued at about $1,114,000. Griffin Asset Management Inc. acquired a new position in BlackSky Technology during the 4th quarter worth approximately $196,000. Finally, SG Americas Securities LLC acquired a new position in BlackSky Technology during the 4th quarter worth approximately $111,000. Institutional investors own 27.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. HC Wainwright lowered their price objective on 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 upped their target price on BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a report on Monday, September 30th. Craig Hallum raised BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Friday, October 4th. Finally, 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $17.60.

Insider Buying and Selling at BlackSky Technology

In other BlackSky Technology news, CFO Henry Edward Dubois sold 7,938 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $84,539.70. Following the completion of the transaction, the chief financial officer now owns 420,779 shares of the company’s stock, valued at $4,481,296.35. This represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian E. O’toole sold 7,020 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $74,763.00. Following the transaction, the chief executive officer now directly owns 691,909 shares of the company’s stock, valued at $7,368,830.85. This trade represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,086 shares of company stock worth $245,866. Insiders own 4.50% of the company’s stock.

BlackSky Technology Stock Performance

BlackSky Technology stock opened at $15.45 on Tuesday. The stock’s 50 day simple moving average is $10.94 and its two-hundred day simple moving average is $8.64. BlackSky Technology Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $15.87. The stock has a market cap of $475.61 million, a price-to-earnings ratio of -6.96 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.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $26.93 million. During the same quarter in the previous year, the firm earned ($0.96) earnings per share. As a group, analysts expect that BlackSky Technology Inc. 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.