Tema ETFs LLC Acquires 1,445,416 Shares of BlackSky Technology Inc. $BKSY

Tema ETFs LLC raised its stake in BlackSky Technology Inc. (NYSE:BKSY) by 110,505.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,446,724 shares of the company’s stock after purchasing an additional 1,445,416 shares during the period. BlackSky Technology accounts for approximately 1.3% of Tema ETFs LLC’s investment portfolio, making the stock its 17th biggest position. Tema ETFs LLC owned approximately 3.90% of BlackSky Technology worth $40,393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of BlackSky Technology by 392.8% in the fourth quarter. Bank of New York Mellon Corp now owns 2,072,543 shares of the company’s stock valued at $38,860,000 after acquiring an additional 1,652,014 shares during the period. Daiwa Securities Group Inc. acquired a new stake in BlackSky Technology in the 4th quarter worth about $16,395,000. Goldman Sachs Group Inc. raised its stake in BlackSky Technology by 343.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after purchasing an additional 432,023 shares in the last quarter. Wasatch Advisors LP bought a new stake in BlackSky Technology in the 3rd quarter valued at about $8,278,000. Finally, State Street Corp boosted its holdings in BlackSky Technology by 63.3% in the 4th quarter. State Street Corp now owns 996,019 shares of the company’s stock valued at $18,675,000 after purchasing an additional 386,207 shares during the period. Institutional investors and hedge funds own 27.15% of the company’s stock.

Key BlackSky Technology News

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: BlackSky won a seven-figure, multi-year international contract covering combined assured and on-demand subscriptions. The expanded agreement follows a successful pilot and includes Gen-2 and Gen-3 imagery plus AI-enabled analytics, supporting recurring, potentially high-margin revenue and validating customer demand for the company’s satellite-imagery platform. BlackSky Wins Seven-Figure, Multi-Year International Contract for Combined Assured and On-Demand Subscriptions
• Positive Sentiment: Clear Street upgraded BlackSky from “hold” to “strong buy,” adding to bullish sentiment around the stock. BlackSky Technology analyst upgrade
• Positive Sentiment: Sidoti raised its EPS forecasts across several periods: FY2026 to a loss of $1.09 from $1.20, Q3 2026 to a loss of $0.23 from $0.25, Q1 2027 to a loss of $0.10 from $0.13, and Q2 2027 to a loss of $0.06 from $0.09. Its FY2027 forecast improved to positive EPS of $0.03 from a loss of $0.04, suggesting analysts see a faster path toward profitability.
• Neutral Sentiment: A Zacks comparison examined BlackSky’s year-to-date performance against Paymentus and the broader business-services sector. The report provides relative-performance context but does not identify a new company-specific catalyst. Is BlackSky Technology Outperforming Other Business Services Stocks This Year?
• Negative Sentiment: BlackSky continues to face substantial earnings risk. Its latest quarterly EPS missed estimates, and analysts still expect a full-year loss, while the company has reported a deeply negative net margin. The improved forecasts are encouraging but imply profitability remains a forward-looking objective.

Analysts Set New Price Targets

A number of brokerages have issued reports on BKSY. Wall Street Zen lowered shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Jefferies Financial Group upgraded shares of BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Clear Str upgraded BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

BlackSky Technology Stock Up 4.6%

BKSY stock opened at $29.92 on Wednesday. The company has a market cap of $1.22 billion, a PE ratio of -16.44 and a beta of 2.61. The company has a quick ratio of 3.34, a current ratio of 3.46 and a debt-to-equity ratio of 2.39. BlackSky Technology Inc. has a 52 week low of $12.41 and a 52 week high of $52.88. The business has a 50-day simple moving average of $27.15 and a 200 day simple moving average of $29.36.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.16). The firm had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 68.90%. Sell-side analysts anticipate that BlackSky Technology Inc. will post -1.27 EPS for the current fiscal year.

About BlackSky Technology

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.