BlackSky Technology (NYSE:BKSY) PT Raised to $32.00 at Lake Street Capital

BlackSky Technology (NYSE:BKSY) had its target price increased by equities research analysts at Lake Street Capital from $4.00 to $32.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock.

BlackSky Technology Price Performance

BlackSky Technology stock opened at $4.51 on Monday. The firm’s 50-day moving average is $7.72 and its 200-day moving average is $8.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 4.19 and a current ratio of 4.19. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $14.16.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.24. BlackSky Technology had a negative net margin of 26.78% and a negative return on equity of 56.91%. The company had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.14 million. During the same period last year, the firm posted ($1.92) EPS. As a group, research analysts forecast that BlackSky Technology will post -2.52 earnings per share for the current year.

Insider Buying and Selling

In other BlackSky Technology news, CEO Brian E. O’toole sold 24,352 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $175,090.88. Following the transaction, the chief executive officer now owns 479,785 shares of the company’s stock, valued at approximately $3,449,654.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Henry Edward Dubois sold 23,590 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $169,612.10. Following the completion of the sale, the chief financial officer now directly owns 231,645 shares in the company, valued at $1,665,527.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian E. O’toole sold 24,352 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $175,090.88. Following the sale, the chief executive officer now owns 479,785 shares of the company’s stock, valued at $3,449,654.15. The disclosure for this sale can be found here. Insiders have sold a total of 62,362 shares of company stock valued at $446,535 in the last quarter. Company insiders own 3.16% of the company’s stock.

Institutional Trading of BlackSky Technology

Several institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP raised its position in shares of BlackSky Technology by 123.8% in the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after purchasing an additional 174,773 shares during the period. Vanguard Group Inc. increased its holdings in BlackSky Technology by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after buying an additional 800,287 shares during the period. Virtu Financial LLC increased its holdings in BlackSky Technology by 134.5% in the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after buying an additional 83,462 shares during the period. LA Financiere DE L Echiquier grew its holdings in shares of BlackSky Technology by 13.6% in the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after purchasing an additional 112,000 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of BlackSky Technology in the 2nd quarter worth about $295,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

About BlackSky Technology

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.