BlackSky Technology Inc. (NYSE:BKSY) Short Interest Down 8.6% in November

BlackSky Technology Inc. (NYSE:BKSY) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 1,480,000 shares, a decline of 8.6% from the October 31st total of 1,620,000 shares. Based on an average daily volume of 915,500 shares, the days-to-cover ratio is currently 1.6 days. Approximately 6.2% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Craig Hallum upgraded BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, October 4th. Oppenheimer assumed coverage on shares of BlackSky Technology in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 target price for the company. HC Wainwright dropped their price target on shares of 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, 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. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, BlackSky Technology has an average rating of “Buy” and an average price target of $17.60.

BlackSky Technology Stock Down 0.5 %

Shares of BKSY stock traded down $0.06 on Monday, reaching $11.62. 813,045 shares of the company were exchanged, compared to its average volume of 318,722. 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 $357.65 million, a price-to-earnings ratio of -5.17 and a beta of 0.92. The company has a 50-day moving average of $7.14 and a 200-day moving average of $7.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.05). BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. The firm had revenue of $22.55 million for the quarter, compared to the consensus estimate of $26.93 million. During the same quarter in the prior year, the firm earned ($0.96) EPS. Analysts anticipate that BlackSky Technology will post -2.28 earnings per share for the current year.

Insiders Place Their Bets

In other BlackSky Technology news, CAO Christiana L. Lin sold 13,031 shares of BlackSky Technology stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $93,692.89. Following the transaction, the chief accounting officer now owns 190,775 shares in the company, valued at $1,371,672.25. The trade was a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian E. O’toole sold 24,352 shares of BlackSky Technology stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $175,090.88. Following the sale, the chief executive officer now directly owns 479,785 shares in the company, valued at $3,449,654.15. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,362 shares of company stock worth $446,535 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Virtu Financial LLC boosted its position in shares of BlackSky Technology by 134.5% during the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after buying an additional 83,462 shares during the last quarter. Perkins Capital Management Inc. bought a new stake in shares of BlackSky Technology in the 3rd quarter worth $1,114,000. Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology in the second quarter valued at about $295,000. Thompson Siegel & Walmsley LLC bought a new position in shares of BlackSky Technology during the third quarter valued at about $3,674,000. Finally, LA Financiere DE L Echiquier boosted its holdings in BlackSky Technology by 13.6% during the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after purchasing an additional 112,000 shares during the last quarter. 27.15% of the stock is 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.