BlackSky Technology Inc. $BKSY Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its holdings in shares of BlackSky Technology Inc. (NYSE:BKSYFree 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.

BlackSky Technology (NYSE:BKSYGet Free Report) last issued 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 business had revenue of $20.77 million during the quarter, compared to analyst estimates of $27.60 million. BlackSky Technology had a negative return on equity of 74.25% and a negative net margin of 89.07%. On average, analysts forecast that BlackSky Technology Inc. will post -1.32 earnings per share for the current year.

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

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BKSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackSky Technology Inc. (NYSE:BKSYFree Report).

Institutional Ownership by Quarter for BlackSky Technology (NYSE:BKSY)

Receive News & Ratings for BlackSky Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackSky Technology and related companies with MarketBeat.com's FREE daily email newsletter.