Sei Investments Co. Purchases 36,541 Shares of BlackSky Technology Inc. $BKSY

Sei Investments Co. increased its position in BlackSky Technology Inc. (NYSE:BKSY) by 125.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,650 shares of the company’s stock after buying an additional 36,541 shares during the quarter. Sei Investments Co.’s holdings in BlackSky Technology were worth $1,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of BKSY. Quarry LP bought a new position in shares of BlackSky Technology during the fourth quarter valued at about $26,000. Strive Financial Group LLC bought a new stake in shares of BlackSky Technology in the 4th quarter valued at about $26,000. Global Retirement Partners LLC purchased a new stake in BlackSky Technology during the 4th quarter valued at about $28,000. Wexford Capital LP bought a new position in BlackSky Technology during the 3rd quarter worth approximately $30,000. Finally, IFP Advisors Inc grew its position in BlackSky Technology by 57.9% during the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock worth $45,000 after acquiring an additional 826 shares during the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.

BlackSky Technology Trading Down 1.4%

Shares of NYSE BKSY opened at $28.76 on Tuesday. The firm’s 50 day moving average price is $27.43 and its 200-day moving average price is $29.33. BlackSky Technology Inc. has a 52-week low of $12.41 and a 52-week high of $52.88. The company has a debt-to-equity ratio of 2.39, a quick ratio of 3.34 and a current ratio of 3.46. The company has a market cap of $1.18 billion, a PE ratio of -15.80 and a beta of 2.61.

BlackSky Technology (NYSE:BKSY) last posted its earnings results on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 68.90% and a negative net margin of 61.24%.The business had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. On average, equities research analysts expect that BlackSky Technology Inc. will post -1.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a report on Friday, July 17th. Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a report on Wednesday, June 10th. Finally, Wall Street Zen cut shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BlackSky Technology currently has an average rating of “Hold” and a consensus price target of $39.33.

BlackSky Technology 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.