Perkins Capital Management Inc. Has $1.31 Million Stake in BlackSky Technology Inc. (NYSE:BKSY)

Perkins Capital Management Inc. reduced its position in BlackSky Technology Inc. (NYSE:BKSY) by 48.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 121,500 shares of the company’s stock after selling 113,500 shares during the quarter. BlackSky Technology comprises about 1.2% of Perkins Capital Management Inc.’s portfolio, making the stock its 29th largest holding. Perkins Capital Management Inc.’s holdings in BlackSky Technology were worth $1,311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKSY. Farther Finance Advisors LLC bought a new stake in shares of BlackSky Technology during the 4th quarter worth $44,000. SBI Securities Co. Ltd. bought a new position in shares of BlackSky Technology in the fourth quarter worth about $84,000. LexAurum Advisors LLC acquired a new stake in shares of BlackSky Technology in the 4th quarter valued at approximately $108,000. SG Americas Securities LLC bought a new stake in shares of BlackSky Technology during the 4th quarter valued at approximately $111,000. Finally, Capital Investment Counsel Inc acquired a new position in BlackSky Technology during the 4th quarter worth approximately $129,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKSY has been the topic of a number of research analyst reports. HC Wainwright restated a “buy” rating and issued a $20.00 target price on shares of BlackSky Technology in a research report on Friday, March 7th. Oppenheimer boosted their price objective on BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Benchmark reiterated a “buy” rating and issued a $17.00 target price on shares of BlackSky Technology in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $21.80.

BlackSky Technology Stock Down 0.3 %

Shares of BKSY opened at $8.73 on Monday. The company has a market capitalization of $268.82 million, a PE ratio of -3.86 and a beta of 1.27. The stock’s 50-day moving average price is $13.30 and its two-hundred day moving average price is $10.03. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. BlackSky Technology Inc. has a 12 month low of $3.86 and a 12 month high of $21.92.

BlackSky Technology Profile

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.