Perkins Capital Management Inc. Decreases Stock Position in BlackSky Technology Inc. $BKSY

Perkins Capital Management Inc. lessened its holdings in BlackSky Technology Inc. (NYSE:BKSY) by 75.8% during the 4th quarter, Holdings Channel reports. The firm owned 28,750 shares of the company’s stock after selling 90,000 shares during the quarter. Perkins Capital Management Inc.’s holdings in BlackSky Technology were worth $539,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BKSY. Vanguard Group Inc. lifted its stake in BlackSky Technology by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,697,683 shares of the company’s stock valued at $34,208,000 after buying an additional 123,171 shares in the last quarter. Goldman Sachs Group Inc. increased its position in BlackSky Technology by 343.7% during the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after buying an additional 432,023 shares in the last quarter. LBP AM SA raised its holdings in shares of BlackSky Technology by 37.3% in the fourth quarter. LBP AM SA now owns 497,187 shares of the company’s stock worth $9,322,000 after acquiring an additional 135,013 shares during the last quarter. Invesco Ltd. raised its holdings in shares of BlackSky Technology by 94.9% in the second quarter. Invesco Ltd. now owns 423,845 shares of the company’s stock worth $8,723,000 after acquiring an additional 206,371 shares during the last quarter. Finally, Wasatch Advisors LP purchased a new stake in shares of BlackSky Technology in the third quarter valued at $8,278,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BKSY shares. HC Wainwright reaffirmed a “buy” rating and set a $42.00 price target on shares of BlackSky Technology in a research note on Friday, February 27th. Wall Street Zen raised shares of BlackSky Technology from a “strong sell” rating to a “hold” rating in a research note on Saturday, March 21st. Canaccord Genuity Group decreased their target price on shares of BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research note on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.75.

BlackSky Technology Trading Down 2.6%

BKSY stock opened at $40.32 on Wednesday. The company has a quick ratio of 3.37, a current ratio of 3.46 and a debt-to-equity ratio of 2.39. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -15.81 and a beta of 2.44. The business has a fifty day simple moving average of $30.49 and a 200-day simple moving average of $24.07. BlackSky Technology Inc. has a 52 week low of $9.88 and a 52 week high of $44.70.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.45). The firm had revenue of $20.77 million for the quarter, compared to analysts’ expectations of $27.60 million. BlackSky Technology had a negative net margin of 89.07% and a negative return on equity of 74.25%. On average, equities research analysts expect that BlackSky Technology Inc. will post -1.32 EPS for the current year.

Trending Headlines about BlackSky Technology

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: BlackSky won a seven-figure subscription contract with a new government customer for advanced Gen-2 mission applications, adding to its backlog and signaling continued demand for its geospatial intelligence services. BlackSky Wins Seven-Figure Subscription Contract with New Government Customer for New and Advanced Gen-2 Mission Applications
• Positive Sentiment: Sidoti raised multiple earnings estimates for BlackSky, including Q4 2026, Q1 2027, Q3 2027, Q4 2027, FY2027, and FY2028, reflecting improved confidence in future profitability.
• Positive Sentiment: One commentary article said BlackSky’s raised 2026 guidance suggests growing demand for Gen-3 services, which supports the bullish valuation narrative. A Look At BlackSky Technology’s Valuation As Raised 2026 Guidance Signals Growing Demand For Gen 3 Services
• Neutral Sentiment: Several articles focused on BlackSky’s strong share-price run over the past year and questioned whether it is too late to buy after the rally, reinforcing that the stock is already trading with elevated investor expectations. Is It Too Late To Consider BlackSky Technology (BKSY) After Its Recent 1 Year Surge?
• Negative Sentiment: Sidoti lowered its FY2026 EPS estimate to a larger loss, underscoring that BlackSky is still expected to burn cash in the near term.

BlackSky Technology Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.