BlackSky Technology (NYSE:BKSY) Shares Gap Up – What’s Next?

Shares of BlackSky Technology Inc. (NYSE:BKSY) gapped up prior to trading on Thursday . The stock had previously closed at $16.36, but opened at $17.57. BlackSky Technology shares last traded at $16.96, with a volume of 481,600 shares.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their price objective on BlackSky Technology from $12.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $19.20.

BlackSky Technology Price Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. The firm has a 50 day simple moving average of $12.51 and a 200-day simple moving average of $9.37.

Insiders Place Their Bets

In other news, CAO Christiana L. Lin sold 5,550 shares of the firm’s stock in a transaction 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 directly owns 354,143 shares in the company, valued at approximately $3,771,622.95. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Henry Edward Dubois sold 7,938 shares of the firm’s stock in a transaction 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 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 disclosure for this sale can be found here. Insiders sold 23,086 shares of company stock worth $245,866 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of BlackSky Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. increased its position in BlackSky Technology by 115.2% in the fourth quarter. Ameritas Investment Partners Inc. now owns 2,626 shares of the company’s stock worth $28,000 after purchasing an additional 1,406 shares during the period. Farther Finance Advisors LLC acquired a new stake in BlackSky Technology in the fourth quarter worth about $44,000. CIBC Private Wealth Group LLC acquired a new stake in BlackSky Technology in the fourth quarter worth about $76,000. SBI Securities Co. Ltd. acquired a new stake in BlackSky Technology in the fourth quarter worth about $84,000. Finally, LexAurum Advisors LLC acquired a new stake in BlackSky Technology in the fourth quarter worth about $108,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

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.