Thompson Siegel & Walmsley LLC Sells 17,584 Shares of BlackSky Technology Inc. $BKSY

Thompson Siegel & Walmsley LLC lowered its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,634 shares of the company’s stock after selling 17,584 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.24% of BlackSky Technology worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in BlackSky Technology by 7.8% during the third quarter. Vanguard Group Inc. now owns 1,697,683 shares of the company’s stock valued at $34,208,000 after purchasing an additional 123,171 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of BlackSky Technology by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 718,490 shares of the company’s stock worth $13,474,000 after acquiring an additional 22,695 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 worth $4,311,000 after acquiring an additional 432,023 shares during the last quarter. LBP AM SA lifted its holdings in shares of BlackSky Technology by 37.3% in the 4th quarter. LBP AM SA now owns 497,187 shares of the company’s stock worth $9,322,000 after acquiring an additional 135,013 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of BlackSky Technology by 94.9% in the 2nd quarter. Invesco Ltd. now owns 423,845 shares of the company’s stock worth $8,723,000 after acquiring an additional 206,371 shares during the last quarter. Institutional investors own 27.15% of the company’s stock.

BlackSky Technology Stock Up 3.6%

Shares of BlackSky Technology stock opened at $43.89 on Wednesday. The firm’s 50 day moving average price is $36.49 and its 200-day moving average price is $26.62. The company has a quick ratio of 3.34, a current ratio of 3.46 and a debt-to-equity ratio of 2.39. BlackSky Technology Inc. has a 52-week low of $10.80 and a 52-week high of $52.88. The company has a market cap of $1.63 billion, a P/E ratio of -17.21 and a beta of 2.52.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.45). BlackSky Technology had a negative return on equity of 74.25% and a negative net margin of 89.07%.The firm had revenue of $20.77 million during the quarter, compared to analysts’ expectations of $27.60 million. On average, sell-side analysts predict that BlackSky Technology Inc. will post -1.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on BKSY. Canaccord Genuity Group lowered their target price on shares of BlackSky Technology from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Monday, April 20th. Wall Street Zen lowered shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a report on Saturday, May 16th. Jefferies Financial Group lowered shares of BlackSky Technology from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a report on Monday. Finally, HC Wainwright restated a “buy” rating and issued a $42.00 target price on shares of BlackSky Technology in a report on Friday, February 27th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.50.

About BlackSky Technology

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.