Griffin Asset Management Inc. Purchases New Position in BlackSky Technology Inc. (NYSE:BKSY)

Griffin Asset Management Inc. acquired a new stake in shares of BlackSky Technology Inc. (NYSE:BKSY) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 18,125 shares of the company’s stock, valued at approximately $196,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BKSY. LexAurum Advisors LLC purchased a new position in BlackSky Technology during the 4th quarter valued at about $108,000. SG Americas Securities LLC bought a new position in shares of BlackSky Technology during the fourth quarter valued at approximately $111,000. Squarepoint Ops LLC purchased a new position in shares of BlackSky Technology during the second quarter valued at approximately $295,000. Perkins Capital Management Inc. bought a new stake in shares of BlackSky Technology in the 3rd quarter worth approximately $1,114,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of BlackSky Technology in the 3rd quarter worth approximately $3,674,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Christiana L. Lin sold 5,550 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $59,107.50. Following the transaction, the chief accounting officer now owns 354,143 shares of the company’s stock, valued at approximately $3,771,622.95. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Henry Edward Dubois sold 7,938 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $84,539.70. Following the sale, the chief financial officer now directly owns 420,779 shares of the company’s stock, valued at approximately $4,481,296.35. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,086 shares of company stock valued at $245,866. Company insiders own 4.50% of the company’s stock.

BlackSky Technology Stock Up 5.5 %

Shares of NYSE:BKSY opened at $13.89 on Wednesday. BlackSky Technology Inc. has a 1 year low of $3.86 and a 1 year high of $17.39. The stock’s fifty day moving average price is $11.11 and its 200-day moving average price is $8.72. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Oppenheimer initiated coverage on BlackSky Technology in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 target price on the stock. Craig Hallum upgraded shares of BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Friday, October 4th. Finally, HC Wainwright decreased their target price on shares of BlackSky Technology from $15.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, BlackSky Technology has an average rating of “Buy” and a consensus target price of $17.60.

BlackSky Technology Profile

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.