Sunday, June 26, 2022

Investing in Black Knight Inc. (BKI): What You Must Know

In a filing, Black Knight Inc. revealed its Director Otting Joseph M acquired Company’s shares for reported $0.2 million on Feb 17. In the deal valued at $58.10 per share,3,440 shares were bought. As a result of this transaction, Otting Joseph M now holds 7,746 shares worth roughly $ 0.49 million.


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Then, Jabbour Anthony M bought 14,000 shares, generating $963,701 in total proceeds. Upon buying the shares at $68.84, the Chief Executive Officer now owns 89,697 shares.

In the meantime, Keefe Bruyette downgraded its Black Knight Inc. [BKI] rating to a Mkt perform from a an Outperform in a research note published on Tuesday, May 09, 2022; the price target was decreased to $80 from $83. PT values the company’s stock at a premium of 21.39 to its Tuesday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. Raymond James also remained covering BKI and has increased its forecast on September 30, 2021 with a “an Outperform” recommendation from previously “Mkt perform” rating. Raymond James started covering the stock on April 13, 2021. It rated BKI as “a Mkt perform”.

Price Performance Review of BKI

On Tuesday, Black Knight Inc. [NYSE:BKI] saw its stock fall -2.78% to $62.89. On the same session, the stock had its day’s lowest price of $62.54, but rose to a high of $65.39. Over the last five days, the stock has lost -2.30%. Black Knight Inc. shares have fallen nearly -24.13% since the year began. Nevertheless, the stocks have fallen -16.72% over the past one year. While a 52-week high of $84.27 was reached on 01/03/22, a 52-week low of $52.00 was recorded on 02/24/22. SMA at 50 days reached $67.89, while 200 days put it at $69.79. A total of 1.76 million shares were traded, compared to the trading of 0.86 million shares in the previous session.

Levels Of Support And Resistance For BKI Stock

The 24-hour chart illustrates a support level at 61.82, which if violated will result in even more drops to 60.76. On the upside, there is a resistance level at 64.67. A further resistance level may holdings at 66.46. The Relative Strength Index (RSI) on the 14-day chart is 35.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.56%. Stochastics %K at 29.47% indicates the stock is a holding.

Black Knight Inc. [BKI] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 20,183,978 shares, or roughly 12.94% of the outstanding BKI shares. In other words, the investor’s shares have risen by 896,148 from its previous 13-F filing of 19287830.0. Additionally, The Vanguard Group, Inc. decreased -0.28% of its stake after which the total value it holdings stand at $919,702,957, while Massachusetts Financial Services added 62.32% of its stake to hold $685.26 million in the firm. Over the last quarter, Principal Global Investors LLC purchased 134,522 shares of Black Knight Inc., while BlackRock Fund Advisors bought -196,200 shares. At present, Wellington Management Co. LLP is holding 5,176,989 shares valued at $351.57 million. Durable Capital Partners LP owned 4,155,973 shares of the company at the time of its most recent 13F filing, worth $282.23 million.

According to FactSet, Black Knight Inc.’s share price will average $82.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 27.53 percent from its previous closing price of $64.69. Analysts expect Black Knight Inc. stock to reach the higher price of $92.00, while the lowest price estimate is $70.00. However, 9 analysts have rated BKI stock as an Overweight in their predictions for 2022.

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