Manatuck Hill Partners LLC Sells 350,000 Shares of BlackSky Technology Inc. (NYSE:BKSY)

Manatuck Hill Partners LLC decreased its stake in shares of BlackSky Technology Inc. (NYSE:BKSY) by 70.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 150,000 shares of the company’s stock after selling 350,000 shares during the period. Manatuck Hill Partners LLC’s holdings in BlackSky Technology were worth $1,618,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Investment Advisors Inc. boosted its holdings in shares of BlackSky Technology by 115.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company’s stock worth $28,000 after buying an additional 1,406 shares during the period. Farther Finance Advisors LLC bought a new stake in BlackSky Technology in the 4th quarter valued at about $44,000. CIBC Private Wealth Group LLC bought a new stake in BlackSky Technology in the 4th quarter valued at about $76,000. SBI Securities Co. Ltd. bought a new stake in BlackSky Technology in the 4th quarter valued at about $84,000. Finally, LexAurum Advisors LLC bought a new stake in BlackSky Technology in the 4th quarter valued at about $108,000. Institutional investors own 27.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on BKSY. HC Wainwright reissued a “buy” rating and issued a $20.00 price objective on shares of BlackSky Technology in a report on Friday, March 7th. Canaccord Genuity Group initiated coverage on shares of BlackSky Technology in a research report on Thursday, April 10th. They issued a “buy” rating and a $12.00 target price for the company. Benchmark restated a “buy” rating and issued a $17.00 target price on shares of BlackSky Technology in a research report on Friday, March 7th. Finally, Oppenheimer boosted their target price on shares of BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, BlackSky Technology presently has a consensus rating of “Buy” and an average target price of $20.17.

BlackSky Technology Price Performance

BKSY stock opened at $8.63 on Friday. The company has a 50 day simple moving average of $8.96 and a 200 day simple moving average of $10.39. The stock has a market cap of $273.03 million, a price-to-earnings ratio of -3.82 and a beta of 1.61. BlackSky Technology Inc. has a 1 year low of $3.86 and a 1 year high of $21.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68.

BlackSky Technology 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.