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Stock Traders Buy Large Volume of BlackSky Technology Call Options (NYSE:BKSY)

Defense World ·  Dec 9, 2022 01:21

BlackSky Technology Inc. (NYSE:BKSY – Get Rating) was the target of some unusual options trading on Thursday. Stock investors acquired 3,108 call options on the company. This represents an increase of approximately 410% compared to the average volume of 609 call options.

Analyst Upgrades and Downgrades

BKSY has been the topic of a number of research analyst reports. Credit Suisse Group initiated coverage on BlackSky Technology in a report on Tuesday, October 11th. They set an "outperform" rating and a $3.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on BlackSky Technology in a research note on Monday, November 7th. They issued a "buy" rating and a $3.00 target price on the stock.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vista Private Wealth Partners. LLC purchased a new position in BlackSky Technology in the second quarter valued at about $29,000. Valeo Financial Advisors LLC purchased a new position in BlackSky Technology in the second quarter valued at about $33,000. Advisor Group Holdings Inc. lifted its position 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 worth $33,000 after buying an additional 10,745 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of BlackSky Technology in the second quarter worth about $37,000. Finally, Keybank National Association OH acquired a new stake in shares of BlackSky Technology in the second quarter worth about $38,000. Hedge funds and other institutional investors own 14.26% of the company's stock.

BlackSky Technology Stock Performance

Shares of NYSE BKSY opened at $2.09 on Friday. The business's 50-day moving average price is $1.65 and its two-hundred day moving average price is $2.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.00 and a current ratio of 4.00. BlackSky Technology has a one year low of $1.00 and a one year high of $8.98.

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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