LexAurum Advisors LLC Makes New $108,000 Investment in BlackSky Technology Inc. (NYSE:BKSY)

LexAurum Advisors LLC bought a new position in BlackSky Technology Inc. (NYSE:BKSY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 10,000 shares of the company’s stock, valued at approximately $108,000.

Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of BlackSky Technology in the fourth quarter valued at about $111,000. Perkins Capital Management Inc. acquired a new position in BlackSky Technology in the 3rd quarter valued at about $1,114,000. Squarepoint Ops LLC acquired a new position in BlackSky Technology in the 2nd quarter valued at about $295,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of BlackSky Technology in the 3rd quarter valued at approximately $3,674,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at BlackSky Technology

In other BlackSky Technology news, CFO Henry Edward Dubois sold 7,938 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $84,539.70. Following the sale, the chief financial officer now owns 420,779 shares in the company, valued at $4,481,296.35. This represents a 1.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christiana L. Lin sold 5,550 shares of BlackSky Technology stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value 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 $3,771,622.95. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,086 shares of company stock worth $245,866. Corporate insiders own 4.50% of the company’s stock.

BlackSky Technology Stock Up 24.8 %

BKSY opened at $14.90 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $15.25. The business has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $8.64.

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

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.