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

Oppenheimer & Co. Inc. reduced its position in shares of BlackSky Technology Inc. (NYSE:BKSY) by 46.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,947 shares of the company’s stock after selling 159,342 shares during the period. Oppenheimer & Co. Inc. owned about 0.53% of BlackSky Technology worth $3,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in BlackSky Technology by 7.3% during the 2nd quarter. Geode Capital Management LLC now owns 612,919 shares of the company’s stock worth $12,616,000 after acquiring an additional 41,922 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in BlackSky Technology by 343.7% during the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after purchasing an additional 432,023 shares during the period. Jump Financial LLC lifted its position in shares of BlackSky Technology by 128.2% during the second quarter. Jump Financial LLC now owns 480,048 shares of the company’s stock worth $9,879,000 after purchasing an additional 269,700 shares in the last quarter. Invesco Ltd. boosted its stake in shares of 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 purchasing an additional 206,371 shares during the period. Finally, LBP AM SA boosted its stake in shares of 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 purchasing an additional 249,269 shares during the period. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BKSY. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a report on Wednesday, January 21st. Jefferies Financial Group started coverage on BlackSky Technology in a research report on Monday, December 22nd. They set a “buy” rating and a $23.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

BlackSky Technology Trading Down 7.1%

NYSE BKSY opened at $21.16 on Thursday. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 2.08. BlackSky Technology Inc. has a 52 week low of $6.15 and a 52 week high of $33.20. The stock has a market capitalization of $761.43 million, a PE ratio of -6.74 and a beta of 2.43. The firm has a 50 day moving average of $22.37 and a two-hundred day moving average of $20.54.

BlackSky Technology Company 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.