Capital Investment Counsel Inc Makes New Investment in BlackSky Technology Inc. (NYSE:BKSY)

Capital Investment Counsel Inc bought a new position in BlackSky Technology Inc. (NYSE:BKSY) during the fourth quarter, HoldingsChannel.com reports. The fund bought 12,000 shares of the company’s stock, valued at approximately $129,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. LexAurum Advisors LLC purchased a new stake in BlackSky Technology in the fourth quarter worth $108,000. SG Americas Securities LLC purchased a new stake in BlackSky Technology in the fourth quarter worth $111,000. Rhumbline Advisers increased its stake in shares of BlackSky Technology by 98.5% during the fourth quarter. Rhumbline Advisers now owns 31,446 shares of the company’s stock valued at $339,000 after buying an additional 15,607 shares during the period. Griffin Asset Management Inc. purchased a new position in shares of BlackSky Technology during the fourth quarter valued at $196,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in shares of BlackSky Technology during the fourth quarter valued at $1,297,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

BlackSky Technology Price Performance

BKSY opened at $16.68 on Friday. The business’s 50-day moving average is $13.24 and its two-hundred day moving average is $9.71. BlackSky Technology Inc. has a 1 year low of $3.86 and a 1 year high of $21.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The firm has a market capitalization of $513.39 million, a PE ratio of -7.38 and a beta of 1.20.

Wall Street Analyst Weigh In

BKSY has been the topic of several research reports. HC Wainwright raised their price target on BlackSky Technology from $12.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Oppenheimer raised their price target on BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $23.20.

Insider Buying and Selling at BlackSky Technology

In other BlackSky Technology news, CFO Henry Edward Dubois sold 7,938 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value 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. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christiana L. Lin sold 5,550 shares of the firm’s stock in a transaction dated 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 directly owns 354,143 shares of the company’s stock, valued at approximately $3,771,622.95. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,086 shares of company stock worth $245,866 over the last quarter. Insiders own 4.50% of the company’s stock.

BlackSky Technology 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.