12,000 Shares in BlackSky Technology Inc. (NYSE:BKSY) Acquired by Capital Investment Counsel Inc

Capital Investment Counsel Inc bought a new position in BlackSky Technology Inc. (NYSE:BKSY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $129,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LexAurum Advisors LLC purchased a new stake in BlackSky Technology in the 4th quarter worth approximately $108,000. SG Americas Securities LLC bought a new position in BlackSky Technology in the 4th quarter worth approximately $111,000. Griffin Asset Management Inc. bought a new position in BlackSky Technology in the 4th quarter worth approximately $196,000. Rhumbline Advisers boosted its stake in BlackSky Technology by 98.5% in the 4th quarter. Rhumbline Advisers now owns 31,446 shares of the company’s stock worth $339,000 after purchasing an additional 15,607 shares during the period. Finally, Perkins Capital Management Inc. bought a new position in BlackSky Technology in the 3rd quarter worth approximately $1,114,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. HC Wainwright upped their price target on BlackSky Technology from $12.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Oppenheimer upped their price target on BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $23.20.

Insider Activity

In related news, CFO Henry Edward Dubois sold 7,938 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value of $84,539.70. Following the completion of the sale, the chief financial officer now directly owns 420,779 shares in the company, valued at $4,481,296.35. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christiana L. Lin sold 5,550 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value of $59,107.50. Following the completion of the sale, the chief accounting officer now owns 354,143 shares of the company’s stock, valued at approximately $3,771,622.95. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,086 shares of company stock worth $245,866. 4.50% of the stock is currently owned by insiders.

BlackSky Technology Stock Down 8.9 %

NYSE BKSY opened at $16.68 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. The company has a market capitalization of $513.39 million, a P/E ratio of -7.38 and a beta of 1.20. BlackSky Technology Inc. has a one year low of $3.86 and a one year high of $21.92. The stock has a 50 day moving average price of $13.24 and a 200-day moving average price of $9.71.

About BlackSky Technology

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.