Bank of New York Mellon Corp Has $607,000 Position in BlackSky Technology Inc. (NYSE:BKSY)

Bank of New York Mellon Corp raised its stake in BlackSky Technology Inc. (NYSE:BKSY) by 89.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,298 shares of the company’s stock after buying an additional 26,528 shares during the quarter. Bank of New York Mellon Corp’s holdings in BlackSky Technology were worth $607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKSY. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of BlackSky Technology in the fourth quarter worth $1,297,000. Rhumbline Advisers grew its stake in BlackSky Technology by 98.5% in the fourth quarter. Rhumbline Advisers now owns 31,446 shares of the company’s stock valued at $339,000 after purchasing an additional 15,607 shares in the last quarter. Griffin Asset Management Inc. purchased a new position in BlackSky Technology in the fourth quarter valued at about $196,000. Capital Investment Counsel Inc acquired a new position in BlackSky Technology in the 4th quarter worth about $129,000. Finally, SG Americas Securities LLC purchased a new stake in shares of BlackSky Technology during the 4th quarter worth about $111,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

BlackSky Technology Stock Down 3.6 %

BKSY opened at $9.18 on Thursday. The firm has a market cap of $290.30 million, a P/E ratio of -4.06 and a beta of 1.27. 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 business has a 50 day moving average price of $13.27 and a 200 day moving average price of $10.07. BlackSky Technology Inc. has a twelve month low of $3.86 and a twelve month high of $21.92.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Benchmark reissued a “buy” rating and issued a $17.00 price target on shares of BlackSky Technology in a research note on Friday, March 7th. Oppenheimer boosted their target price on shares of BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, HC Wainwright restated a “buy” rating and set a $20.00 price target on shares of BlackSky Technology in a report on Friday, March 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $21.80.

BlackSky Technology Company 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.