Offit Capital Advisors LLC bought a new stake in shares of BlackSky Technology Inc. (NYSE:BKSY – Get Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 58,000 shares of the company's stock, valued at approximately $110,000.

Other hedge funds also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its holdings in shares of BlackSky Technology by 163.4% in the first quarter. Advisor Group Holdings Inc. now owns 17,320 shares of the company's stock valued at $33,000 after purchasing an additional 10,745 shares during the period. Mirabella Financial Services LLP acquired a new position in shares of BlackSky Technology in the fourth quarter valued at about $50,000. XTX Topco Ltd acquired a new position in shares of BlackSky Technology in the first quarter valued at about $56,000. Engineers Gate Manager LP increased its holdings in shares of BlackSky Technology by 319.9% in the first quarter. Engineers Gate Manager LP now owns 44,431 shares of the company's stock valued at $84,000 after purchasing an additional 33,850 shares during the period. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of BlackSky Technology by 96.3% in the first quarter. J.W. Cole Advisors Inc. now owns 45,875 shares of the company's stock valued at $87,000 after purchasing an additional 22,500 shares during the period. 14.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital began coverage on BlackSky Technology in a report on Tuesday, July 26th. They issued a "buy" rating and a $6.00 price objective on the stock.

BlackSky Technology Stock Down 5.8 %

About BlackSky Technology

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BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operations of satellite and ground systems to commercial and government customers worldwide. The company processes a range of observations from its constellation, as well as various space, internet-of-things, and terrestrial based sensors and data feeds.

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