BlackSky Technology Inc. $BKSY Stock Holdings Raised by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in BlackSky Technology Inc. (NYSE:BKSY) by 66.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 297,939 shares of the company’s stock after acquiring an additional 118,421 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BlackSky Technology were worth $6,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BKSY. Sterling Capital Management LLC increased its holdings in shares of BlackSky Technology by 935.6% in the 3rd quarter. Sterling Capital Management LLC now owns 1,222 shares of the company’s stock valued at $26,000 after acquiring an additional 1,104 shares during the period. State of Alaska Department of Revenue purchased a new stake in BlackSky Technology in the 3rd quarter valued at $41,000. Fifth Third Bancorp purchased a new stake in BlackSky Technology in the 1st quarter valued at $48,000. Integrated Wealth Concepts LLC purchased a new stake in BlackSky Technology in the 2nd quarter valued at $216,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in BlackSky Technology during the 1st quarter worth $217,000. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BKSY. Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a report on Thursday, October 15th. Finally, Wall Street Zen upgraded shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.33.

Insiders Place Their Bets

In other news, CEO Brian E. O’toole sold 56,280 shares of BlackSky Technology stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $20.95, for a total value of $1,179,066.00. Following the sale, the chief executive officer owned 1,063,396 shares of the company’s stock, valued at $22,278,146.20. The trade was a 5.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Henry Dubois sold 15,225 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $20.95, for a total transaction of $318,963.75. Following the transaction, the chief financial officer owned 482,931 shares in the company, valued at approximately $10,117,404.45. This trade represents a 3.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 168,557 shares of company stock worth $3,497,029. 5.20% of the stock is owned by insiders.

BlackSky Technology Price Performance

BlackSky Technology stock opened at $19.06 on Thursday. BlackSky Technology Inc. has a 12 month low of $12.41 and a 12 month high of $52.88. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72. The business has a 50 day simple moving average of $21.47 and a 200-day simple moving average of $27.27. The stock has a market capitalization of $779.91 million, a PE ratio of -10.47 and a beta of 2.70.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. The company had revenue of $33.32 million for the quarter, compared to analyst estimates of $30.72 million. Equities analysts predict that BlackSky Technology Inc. will post -1.09 earnings per share for the current year.

About BlackSky Technology

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.

BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.