Key Points
- Director Arthur Money sold 50,000 HawkEye 360 shares at an average price of $16.41, generating approximately $820,500 and reducing his direct stake by 47.83% to 54,545 shares.
- HawkEye 360 recently expanded its European defense presence through a Luxembourg subsidiary and partnerships with Leonardo and ERA, potentially supporting future sovereign intelligence and surveillance contracts.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $35.30, while the stock opened at $16.47 and recently reported quarterly revenue of $49.81 million and better-than-expected EPS.
HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) Director Arthur Money sold 50,000 shares of the company's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $16.41, for a total value of $820,500.00. Following the completion of the transaction, the director directly owned 54,545 shares in the company, valued at approximately $895,083.45. This trade represents a 47.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
HawkEye 360 Price Performance
Shares of NYSE:HAWK opened at $16.47 on Wednesday. HawkEye 360, Inc. has a 12-month low of $15.71 and a 12-month high of $35.73. The business's 50-day simple moving average is $20.25.
HawkEye 360 (NYSE:HAWK - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.06. The company had revenue of $49.81 million during the quarter. On average, sell-side analysts forecast that HawkEye 360, Inc. will post -0.01 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on HAWK shares. Bank of America assumed coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued a "neutral" rating and a $34.00 price objective on the stock. Raymond James Financial started coverage on HawkEye 360 in a research report on Monday, June 1st. They issued a "strong-buy" rating and a $40.00 target price on the stock. Royal Bank Of Canada decreased their price target on HawkEye 360 from $40.00 to $33.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 23rd. Morgan Stanley initiated coverage on HawkEye 360 in a research report on Monday, June 1st. They set an "overweight" rating and a $41.00 price target for the company. Finally, Jefferies Financial Group dropped their price objective on HawkEye 360 from $34.00 to $31.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.30.
Read Our Latest Stock Analysis on HAWK
Key Stories Impacting HawkEye 360
Here are the key news stories impacting HawkEye 360 this week:
- Positive Sentiment: HawkEye 360 established its first European subsidiary, HawkEye 360 Luxembourg, to support European customers, allies and industry partners. The move could improve access to sovereign defense and intelligence contracts and strengthen the company’s long-term presence in the region. HawkEye 360 Establishes First European Subsidiary in Luxembourg
- Positive Sentiment: The company signed a memorandum of understanding with Leonardo to develop a sovereign signals-intelligence capability. The agreement may expand HawkEye 360’s role in European defense programs and create additional opportunities to sell its satellite-based RF data and analytics. HawkEye 360 and Leonardo Sign MOU to Deliver Sovereign Signals Capability
- Positive Sentiment: HawkEye 360 also formed a strategic collaboration with Czech defense technology company ERA to advance space-based intelligence and surveillance capabilities. The partnership reinforces the company’s European defense ecosystem and could support future government and allied contracts. HawkEye 360 and ERA Form Strategic Collaboration
- Negative Sentiment: Director Arthur L. Money sold 50,000 HAWK shares for approximately $820,500, reducing his direct ownership by 47.83%. Although the filing does not explain the transaction, the sizable insider sale may weigh on sentiment because it signals reduced personal exposure by a company director. SEC Form 4 Insider Sale
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in HAWK. Squarepoint Ops LLC acquired a new position in shares of HawkEye 360 in the second quarter valued at approximately $434,000. Readystate Asset Management LP acquired a new stake in HawkEye 360 during the 2nd quarter worth approximately $455,000. Tidal Investments LLC purchased a new position in HawkEye 360 in the 2nd quarter valued at approximately $5,260,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of HawkEye 360 in the second quarter worth $5,358,000.
About HawkEye 360
(
Get Free Report)
HawkEye 360 Inc is a space-based data and analytics company that detects, geolocates and characterizes radio-frequency (RF) signals from orbit. Its satellite constellation collects RF emissions from sources such as communications, navigation and radar systems, helping customers identify activity and patterns that may not be visible through traditional imaging or ground-based monitoring.
The company combines satellite-collected RF data with cloud-based analytics and geospatial tools. Its products and services are designed to support defense and intelligence operations, maritime domain awareness, spectrum monitoring, border and infrastructure security, disaster response, and other applications requiring persistent monitoring of activity across wide geographic areas.
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