BlackSky Technology (NYSE:BKSY) Given “Buy” Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of BlackSky Technology (NYSE:BKSY) in a report released on Friday,Benzinga reports. Benchmark currently has a $17.00 target price on the stock.

A number of other brokerages also recently commented on BKSY. Oppenheimer lifted their price objective on BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. HC Wainwright reiterated a “buy” rating and set a $20.00 price objective on shares of BlackSky Technology in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $21.80.

BlackSky Technology Stock Performance

Shares of BlackSky Technology stock opened at $9.93 on Friday. BlackSky Technology has a one year low of $3.86 and a one year high of $21.92. The company has a market cap of $305.48 million, a price-to-earnings ratio of -4.39 and a beta of 1.27. 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 business’s 50 day moving average price is $13.66 and its 200 day moving average price is $10.06.

Insider Buying and Selling at BlackSky Technology

In other news, CAO Christiana L. Lin sold 5,550 shares of BlackSky Technology 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 of the company’s stock, valued at approximately $3,771,622.95. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Henry Edward Dubois sold 7,938 shares of BlackSky Technology 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 directly owns 420,779 shares of the company’s stock, valued at $4,481,296.35. The trade was a 1.85 % decrease in their ownership of the stock. 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. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BlackSky Technology

A number of institutional investors have recently modified their holdings of BKSY. Thompson Siegel & Walmsley LLC acquired a new stake in shares of BlackSky Technology in the third quarter valued at $3,674,000. SG Americas Securities LLC acquired a new stake in shares of BlackSky Technology in the fourth quarter valued at $111,000. LexAurum Advisors LLC acquired a new stake in shares of BlackSky Technology in the fourth quarter valued at $108,000. Griffin Asset Management Inc. acquired a new stake in shares of BlackSky Technology in the fourth quarter valued at $196,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of BlackSky Technology in the fourth quarter valued at $1,297,000. 27.15% of the stock is owned by institutional investors and hedge funds.

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.