Perkins Capital Management Inc. Sells 113,500 Shares of BlackSky Technology Inc. (NYSE:BKSY)

Perkins Capital Management Inc. cut its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY) by 48.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,500 shares of the company’s stock after selling 113,500 shares during the quarter. BlackSky Technology makes up 1.2% of Perkins Capital Management Inc.’s portfolio, making the stock its 29th largest position. Perkins Capital Management Inc. owned about 0.39% of BlackSky Technology worth $1,311,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new stake in BlackSky Technology during the fourth quarter worth about $44,000. Charles Schwab Investment Management Inc. grew its stake in shares of BlackSky Technology by 98.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 189,157 shares of the company’s stock valued at $2,041,000 after buying an additional 93,715 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in BlackSky Technology during the fourth quarter worth $84,000. Oppenheimer & Co. Inc. bought a new stake in BlackSky Technology during the fourth quarter worth $276,000. Finally, Bank of New York Mellon Corp lifted its stake in BlackSky Technology by 89.1% in the fourth quarter. Bank of New York Mellon Corp now owns 56,298 shares of the company’s stock valued at $607,000 after acquiring an additional 26,528 shares during the last quarter. 27.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKSY has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $17.00 target price on shares of BlackSky Technology in a report on Friday, March 7th. HC Wainwright reiterated a “buy” rating and set a $20.00 target price on shares of BlackSky Technology in a research note on Friday, March 7th. Finally, Oppenheimer increased their price target on BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.80.

BlackSky Technology Trading Down 0.3 %

Shares of BKSY stock opened at $8.73 on Monday. BlackSky Technology Inc. has a 12-month low of $3.86 and a 12-month high of $21.92. The company has a market capitalization of $268.82 million, a PE ratio of -3.86 and a beta of 1.27. The firm has a 50 day moving average price of $13.30 and a two-hundred day moving average price of $10.03. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89.

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.