Cassaday & Co Wealth Management LLC Makes New $247,000 Investment in BlackSky Technology Inc. $BKSY

Cassaday & Co Wealth Management LLC purchased a new position in BlackSky Technology Inc. (NYSE:BKSY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,181 shares of the company’s stock, valued at approximately $247,000.

A number of other hedge funds have also recently added to or reduced their stakes in BKSY. Wexford Capital LP acquired a new stake in BlackSky Technology in the 3rd quarter worth about $30,000. IFP Advisors Inc boosted its stake in BlackSky Technology by 57.9% in the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock worth $45,000 after buying an additional 826 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in BlackSky Technology in the 3rd quarter worth about $50,000. Russell Investments Group Ltd. acquired a new stake in BlackSky Technology in the 3rd quarter worth about $53,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in BlackSky Technology in the 3rd quarter worth about $56,000. 27.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Canaccord Genuity Group cut their price objective on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Wall Street Zen upgraded BlackSky Technology from a “strong sell” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Monday, April 20th. Finally, HC Wainwright restated a “buy” rating and issued a $42.00 price objective on shares of BlackSky Technology in a report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.40.

BlackSky Technology Stock Performance

BlackSky Technology stock opened at $39.58 on Friday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -15.52 and a beta of 2.44. The company has a debt-to-equity ratio of 2.04, a current ratio of 3.48 and a quick ratio of 3.37. BlackSky Technology Inc. has a 12 month low of $9.88 and a 12 month high of $42.75. The stock’s 50-day moving average is $29.24 and its 200-day moving average is $23.73.

BlackSky Technology (NYSE:BKSY) last announced its earnings results on Thursday, May 7th. The company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.45). The company had revenue of $20.77 million for the quarter, compared to analysts’ expectations of $27.60 million. BlackSky Technology had a negative net margin of 89.07% and a negative return on equity of 72.20%. Equities analysts anticipate that BlackSky Technology Inc. will post -1.33 earnings per share for the current year.

BlackSky Technology News Summary

Here are the key news stories impacting BlackSky Technology this week:

• Negative Sentiment: BlackSky reported a wider-than-expected Q1 loss of $0.82 per share, well below the consensus loss estimate of $0.37. BlackSky Technology earnings release and conference call materials
• Negative Sentiment: Revenue came in at $20.77 million, missing analyst expectations of $27.60 million, reinforcing concerns about near-term execution. BlackSky Technology earnings release and conference call materials
• Positive Sentiment: Stonegate Capital said 1Q26 showed a clearer Gen-3 commercialization inflection, with accelerating sovereign contract adoption and improving revenue visibility. Stonegate Capital Partners coverage update
• Positive Sentiment: Management raised FY26 revenue guidance to $130 million-$150 million, which suggests confidence in demand and a stronger second half. Stonegate Capital Partners coverage update
• Neutral Sentiment: Investors are also focusing on the company’s Q1 2026 earnings call transcript for additional detail on backlog, contract timing, and the path to profitability. Seeking Alpha transcript

BlackSky Technology Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.