Lake Street Capital Boosts BlackSky Technology (NYSE:BKSY) Price Target to $32.00

BlackSky Technology (NYSE:BKSY) had its target price boosted by Lake Street Capital from $4.00 to $32.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock.

BlackSky Technology Stock Up 8.3 %

Shares of BKSY traded up $0.37 during trading on Monday, reaching $4.83. The company’s stock had a trading volume of 511,835 shares, compared to its average volume of 130,283. The company has a market cap of $709.19 million, a price-to-earnings ratio of -12.71 and a beta of 1.00. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.41. The company has a fifty day moving average of $7.81 and a two-hundred day moving average of $8.82. BlackSky Technology has a twelve month low of $3.86 and a twelve month high of $14.16.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.24. The business had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.14 million. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. During the same period last year, the firm earned ($1.92) earnings per share. On average, sell-side analysts predict that BlackSky Technology will post -2.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other BlackSky Technology news, CFO Henry Edward Dubois sold 23,590 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 $169,612.10. Following the transaction, the chief financial officer now directly owns 231,645 shares in the company, valued at approximately $1,665,527.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Brian E. O’toole sold 24,352 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 transaction of $175,090.88. Following the completion of the sale, the chief executive officer now directly owns 479,785 shares in the company, valued at approximately $3,449,654.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Henry Edward Dubois sold 23,590 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 $169,612.10. Following the completion of the sale, the chief financial officer now owns 231,645 shares of the company’s stock, valued at $1,665,527.55. The disclosure for this sale can be found here. Insiders sold a total of 62,362 shares of company stock worth $446,535 over the last ninety days. 3.16% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BKSY. Virtu Financial LLC boosted its holdings in shares of BlackSky Technology by 134.5% during the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock worth $198,000 after buying an additional 83,462 shares during the period. Squarepoint Ops LLC acquired a new position in BlackSky Technology during the 2nd quarter worth $295,000. GSA Capital Partners LLP boosted its holdings in BlackSky Technology by 123.8% during the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after acquiring an additional 174,773 shares during the period. LA Financiere DE L Echiquier grew its position in shares of BlackSky Technology by 13.6% in the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after purchasing an additional 112,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of BlackSky Technology by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after purchasing an additional 800,287 shares during the last quarter. Institutional investors own 27.15% of the company’s stock.

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.