Charles Schwab Investment Management Inc. Grows Position in BlackSky Technology Inc. (NYSE:BKSY)

Charles Schwab Investment Management Inc. grew its position in BlackSky Technology Inc. (NYSE:BKSY) by 98.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,157 shares of the company’s stock after buying an additional 93,715 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BlackSky Technology were worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in shares of BlackSky Technology during the 4th quarter worth $84,000. Oppenheimer & Co. Inc. purchased a new position in shares of BlackSky Technology in the 4th quarter valued at approximately $276,000. Bank of New York Mellon Corp lifted its stake in shares of BlackSky Technology by 89.1% in the 4th quarter. Bank of New York Mellon Corp now owns 56,298 shares of the company’s stock worth $607,000 after acquiring an additional 26,528 shares during the period. Capital Investment Counsel Inc acquired a new position in BlackSky Technology during the 4th quarter worth approximately $129,000. Finally, Rhumbline Advisers boosted its position in shares of BlackSky Technology by 98.5% during the 4th quarter. Rhumbline Advisers now owns 31,446 shares of the company’s stock worth $339,000 after purchasing an additional 15,607 shares in the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology Price Performance

Shares of BKSY stock opened at $7.88 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The firm has a market cap of $249.35 million, a P/E ratio of -3.49 and a beta of 1.27. BlackSky Technology Inc. has a 1-year low of $3.86 and a 1-year high of $21.92. The firm has a fifty day moving average of $13.16 and a two-hundred day moving average of $10.06.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BKSY. Benchmark restated a “buy” rating and issued a $17.00 price target on shares of BlackSky Technology in a research report on Friday, March 7th. HC Wainwright reiterated a “buy” rating and issued a $20.00 target price on shares of BlackSky Technology in a report on Friday, March 7th. Finally, Oppenheimer increased their price target on BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Five research 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 $21.80.

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.