Patriot Financial Group Insurance Agency LLC Has $2.43 Million Stock Position in BlackSky Technology Inc. $BKSY

Patriot Financial Group Insurance Agency LLC increased its stake in BlackSky Technology Inc. (NYSE:BKSY) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,250 shares of the company’s stock after buying an additional 4,500 shares during the quarter. Patriot Financial Group Insurance Agency LLC owned approximately 0.37% of BlackSky Technology worth $2,434,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of BlackSky Technology in the 1st quarter valued at approximately $9,582,000. Goldman Sachs Group Inc. boosted its holdings in shares of BlackSky Technology by 343.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock valued at $4,311,000 after buying an additional 432,023 shares during the last quarter. Trexquant Investment LP boosted its holdings in shares of BlackSky Technology by 21.4% in the 1st quarter. Trexquant Investment LP now owns 366,071 shares of the company’s stock valued at $2,830,000 after buying an additional 64,481 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of BlackSky Technology in the 1st quarter valued at approximately $1,728,000. Finally, Jump Financial LLC acquired a new stake in shares of BlackSky Technology in the 1st quarter valued at approximately $1,626,000. Institutional investors and hedge funds own 27.15% of the company’s stock.

Wall Street Analyst Weigh In

BKSY has been the subject of several recent analyst reports. Canaccord Genuity Group cut their price objective on BlackSky Technology from $28.00 to $27.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. HC Wainwright increased their price target on BlackSky Technology from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Wall Street Zen cut BlackSky Technology from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 9th. Finally, Lake Street Capital increased their price target on BlackSky Technology from $18.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, BlackSky Technology presently has an average rating of “Buy” and a consensus target price of $23.50.

Insiders Place Their Bets

In other BlackSky Technology news, CAO Christiana L. Lin sold 24,036 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total transaction of $419,428.20. Following the transaction, the chief accounting officer owned 402,652 shares in the company, valued at $7,026,277.40. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Henry Edward Dubois sold 31,646 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total value of $552,222.70. Following the transaction, the chief financial officer owned 474,582 shares in the company, valued at $8,281,455.90. The trade was a 6.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,694 shares of company stock worth $1,565,160 in the last 90 days. Company insiders own 3.80% of the company’s stock.

BlackSky Technology Stock Up 8.8%

BKSY opened at $24.40 on Friday. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 1.35. The stock has a market cap of $865.47 million, a PE ratio of -7.26 and a beta of 2.22. The stock’s fifty day simple moving average is $18.51 and its 200 day simple moving average is $14.71. BlackSky Technology Inc. has a 1-year low of $4.92 and a 1-year high of $28.85.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.03). The firm had revenue of $22.20 million for the quarter, compared to the consensus estimate of $22.17 million. BlackSky Technology had a negative return on equity of 52.27% and a negative net margin of 82.04%. BlackSky Technology has set its FY 2025 guidance at EPS. As a group, research analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

BlackSky Technology 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.