BlackSky Technology Inc. $BKSY Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its position in BlackSky Technology Inc. (NYSE:BKSY) by 12.2% in the first quarter, HoldingsChannel.com reports. The firm owned 35,295 shares of the company’s stock after purchasing an additional 3,849 shares during the quarter. Rhumbline Advisers’ holdings in BlackSky Technology were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in BlackSky Technology by 343.7% in the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after purchasing an additional 432,023 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BlackSky Technology by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company’s stock worth $117,000 after purchasing an additional 1,015 shares during the period. AQR Capital Management LLC acquired a new stake in BlackSky Technology in the first quarter worth approximately $103,000. Cubist Systematic Strategies LLC acquired a new stake in BlackSky Technology in the first quarter worth approximately $1,728,000. Finally, Trexquant Investment LP lifted its position in BlackSky Technology by 21.4% in the first quarter. Trexquant Investment LP now owns 366,071 shares of the company’s stock worth $2,830,000 after purchasing an additional 64,481 shares during the period. 27.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Christiana L. Lin sold 24,036 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total value of $419,428.20. Following the completion of the sale, the chief accounting officer owned 402,652 shares in the company, valued at $7,026,277.40. This represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian E. O’toole sold 33,292 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total value of $580,945.40. Following the completion of the sale, the chief executive officer owned 750,164 shares of the company’s stock, valued at $13,090,361.80. The trade was a 4.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,694 shares of company stock worth $1,565,160 over the last quarter. Corporate insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Lake Street Capital upped their target price on BlackSky Technology from $18.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Canaccord Genuity Group cut their price objective on BlackSky Technology from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. HC Wainwright increased their price objective on BlackSky Technology from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Wall Street Zen downgraded BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 9th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, BlackSky Technology presently has a consensus rating of “Buy” and a consensus target price of $23.50.

BlackSky Technology Price Performance

Shares of NYSE:BKSY opened at $19.80 on Friday. BlackSky Technology Inc. has a one year low of $4.20 and a one year high of $28.85. The stock has a fifty day moving average of $18.52 and a 200-day moving average of $14.29. The company has a market capitalization of $702.31 million, a PE ratio of -5.89 and a beta of 2.15. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.71 and a current ratio of 3.71.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.03). The company had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.17 million. BlackSky Technology had a negative net margin of 82.04% and a negative return on equity of 52.27%. BlackSky Technology has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that BlackSky Technology Inc. will post -2.28 EPS 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.