Stonehage Fleming Financial Services Holdings Ltd Invests $388,000 in BlackSky Technology Inc. $BKSY

Stonehage Fleming Financial Services Holdings Ltd acquired a new position in BlackSky Technology Inc. (NYSE:BKSY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,669 shares of the company’s stock, valued at approximately $388,000. Stonehage Fleming Financial Services Holdings Ltd owned 0.06% of BlackSky Technology as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of BlackSky Technology by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 612,919 shares of the company’s stock worth $12,616,000 after buying an additional 41,922 shares during the last quarter. Jump Financial LLC boosted its holdings in BlackSky Technology by 128.2% in the second quarter. Jump Financial LLC now owns 480,048 shares of the company’s stock worth $9,879,000 after acquiring an additional 269,700 shares in the last quarter. Divisadero Street Capital Management LP grew its stake in shares of BlackSky Technology by 42.8% in the third quarter. Divisadero Street Capital Management LP now owns 365,910 shares of the company’s stock worth $7,373,000 after acquiring an additional 109,610 shares during the last quarter. LBP AM SA grew its stake in shares of BlackSky Technology by 220.8% in the third quarter. LBP AM SA now owns 362,174 shares of the company’s stock worth $7,298,000 after acquiring an additional 249,269 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of BlackSky Technology during the third quarter valued at $1,310,000. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BKSY. HC Wainwright reaffirmed a “buy” rating and issued a $42.00 price target on shares of BlackSky Technology in a research report on Friday, February 27th. Wall Street Zen upgraded shares of BlackSky Technology from a “strong sell” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, January 21st. Jefferies Financial Group began coverage on shares of BlackSky Technology in a report on Monday, December 22nd. They issued a “buy” rating and a $23.00 price objective for the company. Finally, Canaccord Genuity Group reduced their target price on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, February 27th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.40.

BlackSky Technology Stock Performance

Shares of BKSY stock opened at $28.13 on Friday. The company has a 50 day moving average price of $23.70 and a 200-day moving average price of $21.69. BlackSky Technology Inc. has a 52 week low of $6.15 and a 52 week high of $33.20. The firm has a market capitalization of $1.04 billion, a PE ratio of -13.08 and a beta of 2.44. The company has a quick ratio of 3.37, a current ratio of 3.48 and a debt-to-equity ratio of 2.04.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.06. BlackSky Technology had a negative net margin of 65.93% and a negative return on equity of 53.94%. The firm had revenue of $35.21 million during the quarter, compared to analysts’ expectations of $37.13 million. As a group, equities research analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.