HawkEye 360 (NYSE:HAWK) Insider Sells $134,392.50 in Stock

HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) insider Michael Turner sold 8,250 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $16.29, for a total transaction of $134,392.50. Following the completion of the sale, the insider owned 197,777 shares in the company, valued at $3,221,787.33. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

HawkEye 360 Stock Up 6.2%

Shares of NYSE HAWK opened at $17.17 on Friday. The firm's 50 day moving average price is $20.14. HawkEye 360, Inc. has a 52-week low of $15.71 and a 52-week high of $35.73.

HawkEye 360 (NYSE:HAWK - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06. The firm had revenue of $49.81 million during the quarter. As a group, equities research analysts predict that HawkEye 360, Inc. will post -0.01 earnings per share for the current year.

Hedge Funds Weigh In On HawkEye 360

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Institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new position in shares of HawkEye 360 during the second quarter worth approximately $434,000. Readystate Asset Management LP bought a new position in HawkEye 360 during the 2nd quarter worth $455,000. HBK Investments L P acquired a new stake in shares of HawkEye 360 during the second quarter worth $1,011,000. Tidal Investments LLC bought a new stake in shares of HawkEye 360 in the second quarter valued at about $5,260,000. Finally, Alyeska Investment Group L.P. bought a new position in HawkEye 360 during the second quarter worth about $5,358,000.

Key Stories Impacting HawkEye 360

Here are the key news stories impacting HawkEye 360 this week:

• Positive Sentiment: Bank of America upgraded HAWK from “Neutral” to “Buy”, saying the company’s underlying business remains strong despite the broader sector selloff and that its valuation is attractive. BofA set a $23 price target, implying meaningful upside, although the target was reduced from $34, signaling a more cautious valuation outlook. BofA Securities upgrade
• Positive Sentiment: HawkEye 360 established a European base in Luxembourg to support customers, allies and industry partners. The move could improve access to European defense, intelligence and sovereign-security contracts and expand demand for its satellite-based radio-frequency intelligence products. Luxembourg expansion
• Neutral Sentiment: Recent quarterly results showed a loss of $0.07 per share, better than the expected $0.13 loss, with revenue of $49.81 million. Analysts currently expect a near-breakeven loss of $0.01 per share for the full fiscal year.
• Negative Sentiment: Multiple insiders sold shares, including CFO Craig Searle and Michael Turner. The transactions were tied to tax withholding on vested equity awards, and Turner’s sales were conducted under a pre-arranged Rule 10b5-1 plan, which reduces their negative significance but does not eliminate the overhang. Insider sales

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Robert W. Baird assumed coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They set an "outperform" rating and a $41.00 price objective for the company. Morgan Stanley assumed coverage on HawkEye 360 in a report on Monday, June 1st. They set an "overweight" rating and a $41.00 price target for the company. William Blair started coverage on HawkEye 360 in a research note on Monday, June 1st. They issued an "outperform" rating on the stock. Wall Street Zen upgraded HawkEye 360 from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Weiss Ratings initiated coverage on HawkEye 360 in a report on Friday, August 14th. They set a "sell (d)" rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.20.

View Our Latest Stock Report on HAWK

HawkEye 360 Company Profile

(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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