GSA Capital Partners LLP Sells 39,217 Shares of BlackSky Technology Inc. $BKSY

GSA Capital Partners LLP lessened its stake in BlackSky Technology Inc. (NYSE:BKSY) by 62.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,946 shares of the company’s stock after selling 39,217 shares during the quarter. GSA Capital Partners LLP’s holdings in BlackSky Technology were worth $483,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in shares of BlackSky Technology by 343.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock valued at $4,311,000 after buying an additional 432,023 shares in the last quarter. Jump Financial LLC boosted its position in shares of BlackSky Technology by 128.2% during the 2nd quarter. Jump Financial LLC now owns 480,048 shares of the company’s stock worth $9,879,000 after acquiring an additional 269,700 shares in the last quarter. LBP AM SA increased its stake in BlackSky Technology by 220.8% in the third quarter. LBP AM SA now owns 362,174 shares of the company’s stock valued at $7,298,000 after acquiring an additional 249,269 shares during the last quarter. Invesco Ltd. increased its stake in BlackSky Technology by 94.9% in the second quarter. Invesco Ltd. now owns 423,845 shares of the company’s stock valued at $8,723,000 after acquiring an additional 206,371 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BlackSky Technology by 1,095.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 181,438 shares of the company’s stock valued at $3,734,000 after purchasing an additional 166,264 shares in the last quarter. 27.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKSY has been the topic of a number of research analyst reports. Jefferies Financial Group began coverage on BlackSky Technology in a report on Monday, December 22nd. They issued a “buy” rating and a $23.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.60.

BlackSky Technology Stock Up 1.9%

Shares of NYSE:BKSY opened at $19.71 on Wednesday. BlackSky Technology Inc. has a 52-week low of $6.15 and a 52-week high of $33.20. The company has a market capitalization of $709.28 million, a PE ratio of -6.28 and a beta of 2.43. 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 company has a fifty day moving average of $22.77 and a 200-day moving average of $20.69.

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.