BlackSky Technology Inc. (NYSE:BKSY – Get Rating)'s stock price was down 2.1% on Thursday . The stock traded as low as $1.89 and last traded at $1.91. Approximately 485,806 shares changed hands during trading, a decline of 86% from the average daily volume of 3,432,467 shares. The stock had previously closed at $1.95.
Analyst Ratings Changes
Separately, Lake Street Capital started coverage on BlackSky Technology in a research note on Tuesday, July 26th. They set a "buy" rating and a $6.00 target price on the stock.
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The company has a fifty day moving average of $2.25 and a two-hundred day moving average of $2.05. The company has a quick ratio of 5.37, a current ratio of 5.37 and a debt-to-equity ratio of 0.50.
Institutional Investors Weigh In On BlackSky Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in BKSY. Renaissance Technologies LLC acquired a new stake in BlackSky Technology in the 1st quarter worth approximately $2,870,000. Alaska Permanent Capital Management acquired a new position in shares of BlackSky Technology during the second quarter worth approximately $2,456,000. Bank of New York Mellon Corp lifted its holdings in shares of BlackSky Technology by 102.8% during the first quarter. Bank of New York Mellon Corp now owns 1,537,605 shares of the company's stock worth $2,906,000 after buying an additional 779,523 shares during the last quarter. State Street Corp lifted its holdings in shares of BlackSky Technology by 499.7% during the first quarter. State Street Corp now owns 199,091 shares of the company's stock worth $376,000 after buying an additional 165,891 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of BlackSky Technology by 73.3% during the first quarter. Penserra Capital Management LLC now owns 315,464 shares of the company's stock worth $595,000 after buying an additional 133,427 shares during the last quarter. 14.26% of the stock is currently owned by institutional investors and hedge funds.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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