Key Points
- CEO John Sheldon Serafini sold 92,329 HawkEye 360 shares at an average price of $14.78, generating approximately $1.36 million. The Rule 10b5-1 transaction reduced his direct stake by 14.26% to 554,972 shares.
- HAWK opened at $14.87, near its 12-month low of $14.51 and well below its $35.73 high. The company recently reported a quarterly loss of $0.07 per share, beating estimates, on $49.81 million in revenue.
- Analyst sentiment remains mixed but leans positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $33.70, despite some recent downgrades and sell ratings.
HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) CEO John Sheldon Serafini sold 92,329 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $14.78, for a total transaction of $1,364,622.62. Following the sale, the chief executive officer directly owned 554,972 shares of the company's stock, valued at approximately $8,202,486.16. This trade represents a 14.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HawkEye 360 Price Performance
NYSE:HAWK opened at $14.87 on Friday. HawkEye 360, Inc. has a twelve month low of $14.51 and a twelve month high of $35.73. The company has a fifty day moving average of $19.38.
HawkEye 360 (NYSE:HAWK - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.06. The company had revenue of $49.81 million during the quarter. Analysts forecast that HawkEye 360, Inc. will post -0.01 EPS for the current fiscal year.
Hedge Funds Weigh In On HawkEye 360
Several large investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new position in HawkEye 360 during the 2nd quarter valued at about $5,358,000. Tidal Investments LLC purchased a new stake in shares of HawkEye 360 in the second quarter worth approximately $5,260,000. State Street Corp bought a new position in shares of HawkEye 360 in the second quarter valued at approximately $1,658,000. HBK Investments L P purchased a new position in shares of HawkEye 360 during the second quarter valued at approximately $1,011,000. Finally, Readystate Asset Management LP purchased a new position in shares of HawkEye 360 during the second quarter valued at approximately $455,000.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on HAWK. Craig Hallum started coverage on HawkEye 360 in a research report on Monday, July 27th. They issued a "buy" rating and a $25.00 target price for the company. Royal Bank Of Canada cut their price target on HawkEye 360 from $33.00 to $28.00 and set an "outperform" rating on the stock in a report on Wednesday. Weiss Ratings assumed coverage on HawkEye 360 in a research note on Friday, August 14th. They issued a "sell (d)" rating for the company. Wall Street Zen downgraded HawkEye 360 from a "hold" rating to a "sell" rating in a report on Saturday, September 19th. Finally, Berenberg Bank set a $24.00 target price on HawkEye 360 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.70.
View Our Latest Report on HAWK
About HawkEye 360
(
Get Free Report)
HawkEye 360 Inc is a geospatial intelligence company that uses a commercial satellite constellation to detect, characterize and geolocate radio-frequency (RF) signals from space. Its technology helps identify activity associated with communications, navigation and other electromagnetic-spectrum sources that may not be visible through traditional imagery.
The company provides RF data, analytics and intelligence products designed to support defense and national security missions, maritime domain awareness, border and infrastructure monitoring, spectrum management and other applications.
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