BlackSky Technology Inc. (NYSE:BKSY) Short Interest Update

BlackSky Technology Inc. (NYSE:BKSY) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 1,720,000 shares, a growth of 12.4% from the November 30th total of 1,530,000 shares. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is currently 1.5 days. Approximately 7.2% of the company’s shares are short sold.

Insider Activity

In other BlackSky Technology news, CAO Christiana L. Lin sold 5,550 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value of $59,107.50. Following the completion of the sale, the chief accounting officer now owns 354,143 shares in the company, valued at approximately $3,771,622.95. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Henry Edward Dubois sold 7,938 shares of the 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 $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 trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,086 shares of company stock valued at $245,866. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BKSY. Thompson Siegel & Walmsley LLC purchased a new stake in shares of BlackSky Technology in the 3rd quarter worth approximately $3,674,000. Perkins Capital Management Inc. bought a new position in BlackSky Technology in the 3rd quarter worth about $1,114,000. Finally, Squarepoint Ops LLC purchased a new stake in BlackSky Technology during the 2nd quarter valued at about $295,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

BlackSky Technology Stock Down 2.3 %

BlackSky Technology stock traded down $0.25 during trading hours on Wednesday, hitting $10.79. 1,058,243 shares of the stock traded hands, compared to its average volume of 371,318. BlackSky Technology has a one year low of $3.86 and a one year high of $14.16. The company has a market cap of $332.11 million, a PE ratio of -4.77 and a beta of 1.15. The firm’s 50-day moving average price is $9.63 and its two-hundred day moving average price is $8.28. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on BKSY shares. Lake Street Capital upped their price objective on shares of BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Oppenheimer initiated coverage on BlackSky Technology in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 price target for the company. HC Wainwright cut their price objective on BlackSky Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Craig Hallum upgraded BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Friday, October 4th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $17.60.

About BlackSky Technology

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.