74,739 Shares in BlackSky Technology Inc. $BKSY Purchased by Jasper Ridge Partners L.P.

Jasper Ridge Partners L.P. acquired a new position in BlackSky Technology Inc. (NYSE:BKSY) during the 2nd quarter, HoldingsChannel reports. The fund acquired 74,739 shares of the company’s stock, valued at approximately $2,087,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sei Investments Co. grew its position in shares of BlackSky Technology by 125.5% during the 1st quarter. Sei Investments Co. now owns 65,650 shares of the company’s stock valued at $1,652,000 after acquiring an additional 36,541 shares during the period. Tema ETFs LLC raised its holdings in shares of BlackSky Technology by 110,505.8% in the 2nd quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock worth $40,393,000 after purchasing an additional 1,445,416 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in BlackSky Technology in the fourth quarter valued at approximately $7,930,000. Cassaday & Co Wealth Management LLC purchased a new position in BlackSky Technology in the fourth quarter valued at approximately $247,000. Finally, Kingsview Wealth Management LLC bought a new position in BlackSky Technology during the fourth quarter valued at $735,000. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BKSY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. Jefferies Financial Group raised BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Clear Str raised BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Wall Street Zen raised BlackSky Technology from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.33.

BlackSky Technology Stock Performance

Shares of BKSY stock opened at $23.72 on Friday. The firm’s 50 day moving average is $25.84 and its 200 day moving average is $29.65. The stock has a market capitalization of $970.62 million, a P/E ratio of -13.03 and a beta of 2.61. BlackSky Technology Inc. has a 12 month low of $12.41 and a 12 month high of $52.88. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. The business had revenue of $33.32 million during the quarter, compared to analysts’ expectations of $30.72 million. On average, sell-side analysts anticipate that BlackSky Technology Inc. will post -1.27 earnings per share for the current year.

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.