BlackSky Technology (NYSE:BKSY) Shares Gap Up – Here’s What Happened

Shares of BlackSky Technology Inc. (NYSE:BKSY) gapped up prior to trading on Thursday . The stock had previously closed at $16.36, but opened at $17.57. BlackSky Technology shares last traded at $16.96, with a volume of 481,600 shares.

Analyst Ratings Changes

Separately, HC Wainwright increased their price target on shares of BlackSky Technology from $12.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $19.20.

BlackSky Technology Stock Performance

The stock has a market cap of $525.26 million, a P/E ratio of -7.60 and a beta of 1.20. The firm has a 50 day moving average of $12.24 and a two-hundred day moving average of $9.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68.

Insider Transactions at BlackSky Technology

In other news, CAO Christiana L. Lin sold 5,550 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $59,107.50. Following the completion of the transaction, the chief accounting officer now owns 354,143 shares of the company’s stock, valued at approximately $3,771,622.95. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Henry Edward Dubois sold 7,938 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $84,539.70. Following the completion of the sale, the chief financial officer now owns 420,779 shares of the company’s stock, valued at approximately $4,481,296.35. The trade was a 1.85 % decrease in their position. 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 three months. 4.50% of the stock is currently owned by insiders.

Institutional Trading of BlackSky Technology

A number of institutional investors and hedge funds have recently modified their holdings of BKSY. Thompson Siegel & Walmsley LLC bought a new position in BlackSky Technology in the third quarter worth $3,674,000. Geode Capital Management LLC lifted its holdings in BlackSky Technology by 94.2% during the 4th quarter. Geode Capital Management LLC now owns 551,444 shares of the company’s stock valued at $5,951,000 after purchasing an additional 267,427 shares during the last quarter. Invesco Ltd. acquired a new position in BlackSky Technology in the fourth quarter valued at about $3,868,000. Trexquant Investment LP boosted its position in BlackSky Technology by 2,309.8% in the fourth quarter. Trexquant Investment LP now owns 301,590 shares of the company’s stock valued at $3,254,000 after buying an additional 289,075 shares in the last quarter. Finally, Perkins Capital Management Inc. acquired a new position in shares of BlackSky Technology in the 3rd quarter worth approximately $1,114,000. 27.15% of the stock is currently owned by institutional investors.

BlackSky Technology Company 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.