Patriot Financial Group Insurance Agency LLC Acquires 79,970 Shares of BlackSky Technology Inc. $BKSY

Patriot Financial Group Insurance Agency LLC boosted its holdings in BlackSky Technology Inc. (NYSE:BKSY) by 88.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,618 shares of the company’s stock after buying an additional 79,970 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in BlackSky Technology were worth $4,293,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quarry LP acquired a new stake in shares of BlackSky Technology in the fourth quarter worth $26,000. Strive Financial Group LLC acquired a new position in BlackSky Technology during the 4th quarter valued at $26,000. Wexford Capital LP acquired a new position in BlackSky Technology during the 3rd quarter valued at $30,000. Global Retirement Partners LLC acquired a new position in BlackSky Technology during the 4th quarter valued at $28,000. Finally, IFP Advisors Inc boosted its holdings in BlackSky Technology by 57.9% in the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the period. 27.15% of the stock is currently owned by institutional investors and hedge funds.

BlackSky Technology Trading Up 0.2%

Shares of BKSY opened at $24.82 on Monday. BlackSky Technology Inc. has a 1 year low of $12.41 and a 1 year high of $52.88. The company has a current ratio of 3.46, a quick ratio of 3.34 and a debt-to-equity ratio of 2.39. The stock has a 50 day simple moving average of $37.30 and a 200-day simple moving average of $28.67. The stock has a market cap of $920.92 million, a PE ratio of -9.73 and a beta of 2.52.

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

Analysts Set New Price Targets

BKSY has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a research report on Monday, April 20th. Finally, Wall Street Zen cut shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.50.

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.