BlackSky Technology Inc. $BKSY Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY) by 46.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 186,947 shares of the company’s stock after selling 159,342 shares during the period. Oppenheimer & Co. Inc.’s holdings in BlackSky Technology were worth $3,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of BlackSky Technology by 35,575.0% during the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the company’s stock worth $32,000 after buying an additional 1,423 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in BlackSky Technology by 6,937.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,689 shares of the company’s stock worth $35,000 after acquiring an additional 1,665 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in BlackSky Technology in the third quarter valued at $50,000. GPS Wealth Strategies Group LLC acquired a new position in BlackSky Technology in the second quarter valued at $57,000. Finally, Legal & General Group Plc boosted its stake in BlackSky Technology by 40.5% in the second quarter. Legal & General Group Plc now owns 3,118 shares of the company’s stock valued at $64,000 after acquiring an additional 899 shares in the last quarter. 27.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BKSY shares. Jefferies Financial Group initiated coverage on BlackSky Technology in a report on Monday, December 22nd. They issued a “buy” rating and a $23.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BlackSky Technology presently has an average rating of “Moderate Buy” and an average target price of $28.00.

BlackSky Technology Stock Performance

Shares of BKSY stock opened at $21.16 on Thursday. The stock has a fifty day moving average price of $22.37 and a 200 day moving average price of $20.54. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.89 and a current ratio of 3.89. The stock has a market cap of $761.43 million, a PE ratio of -6.74 and a beta of 2.43. BlackSky Technology Inc. has a 1 year low of $6.15 and a 1 year high of $33.20.

BlackSky Technology Profile

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.