Patriot Financial Group Insurance Agency LLC grew its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY – Free Report) by 88.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,618 shares of the company’s stock after buying an additional 79,970 shares during the period. Patriot Financial Group Insurance Agency LLC owned 0.46% of BlackSky Technology worth $4,293,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC bought a new position in BlackSky Technology in the 1st quarter worth approximately $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in BlackSky Technology by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company’s stock worth $117,000 after acquiring an additional 1,015 shares during the period. Goldman Sachs Group Inc. boosted its position in BlackSky Technology by 343.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after acquiring an additional 432,023 shares during the period. Legal & General Group Plc grew its stake in shares of BlackSky Technology by 40.5% in the second quarter. Legal & General Group Plc now owns 3,118 shares of the company’s stock worth $64,000 after purchasing an additional 899 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of BlackSky Technology by 11.1% during the second quarter. Rhumbline Advisers now owns 39,229 shares of the company’s stock valued at $807,000 after purchasing an additional 3,934 shares during the period. 27.15% of the stock is currently owned by institutional investors and hedge funds.
BlackSky Technology Price Performance
BKSY stock opened at $24.82 on Monday. BlackSky Technology Inc. has a one year low of $12.41 and a one year high of $52.88. The firm has a 50-day moving average of $37.30 and a two-hundred day moving average of $28.67. The firm has a market capitalization of $920.92 million, a PE ratio of -9.73 and a beta of 2.52. The company has a current ratio of 3.46, a quick ratio of 3.34 and a debt-to-equity ratio of 2.39.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on BKSY shares. Wall Street Zen downgraded shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a report on Saturday, May 16th. Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.50.
Read Our Latest Stock Analysis on BlackSky Technology
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.
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