Patriot Financial Group Insurance Agency LLC Makes New $1.30 Million Investment in BlackSky Technology Inc. (NYSE:BKSY)

Patriot Financial Group Insurance Agency LLC bought a new position in BlackSky Technology Inc. (NYSE:BKSY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 120,200 shares of the company’s stock, valued at approximately $1,297,000. Patriot Financial Group Insurance Agency LLC owned about 0.39% of BlackSky Technology at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Griffin Asset Management Inc. acquired a new position in shares of BlackSky Technology during the fourth quarter worth approximately $196,000. LexAurum Advisors LLC acquired a new position in shares of BlackSky Technology during the fourth quarter worth approximately $108,000. SG Americas Securities LLC acquired a new position in shares of BlackSky Technology during the fourth quarter worth approximately $111,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of BlackSky Technology during the third quarter worth approximately $3,674,000. Finally, Perkins Capital Management Inc. acquired a new position in shares of BlackSky Technology during the third quarter worth approximately $1,114,000. 27.15% of the stock is owned by institutional investors and hedge funds.

BlackSky Technology Trading Up 17.4 %

NYSE BKSY opened at $15.45 on Tuesday. The firm has a market cap of $475.61 million, a P/E ratio of -6.96 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The stock’s 50-day moving average is $10.94 and its 200-day moving average is $8.64. BlackSky Technology Inc. has a one year low of $3.86 and a one year high of $15.87.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.05). The company had revenue of $22.55 million during the quarter, compared to the consensus estimate of $26.93 million. BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. During the same quarter in the prior year, the business earned ($0.96) earnings per share. Sell-side analysts anticipate that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BlackSky Technology

In other news, CFO Henry Edward Dubois sold 7,938 shares of BlackSky Technology stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $84,539.70. Following the completion of the transaction, the chief financial officer now directly owns 420,779 shares in the company, valued at approximately $4,481,296.35. The trade was a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian E. O’toole sold 7,020 shares of BlackSky Technology stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value of $74,763.00. Following the transaction, the chief executive officer now owns 691,909 shares of the company’s stock, valued at $7,368,830.85. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,086 shares of company stock worth $245,866 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BKSY has been the subject of a number of research analyst reports. Craig Hallum upgraded BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Friday, October 4th. HC Wainwright cut their target price on BlackSky Technology from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Lake Street Capital increased their target price on BlackSky Technology from $4.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Oppenheimer began coverage on BlackSky Technology in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $17.60.

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.