HawkEye 360 (NYSE:HAWK) Director Sells $820,500.00 in Stock

HawkEye 360, Inc. (NYSE:HAWK) Director Arthur Money sold 50,000 shares of HawkEye 360 stock in a transaction dated 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 sale, the director directly owned 54,545 shares in the company, valued at approximately $895,083.45. This represents a 47.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

HawkEye 360 Stock Up 6.2%

Shares of NYSE HAWK opened at $17.17 on Friday. The company’s 50 day moving average 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) last posted its quarterly 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 company had revenue of $49.81 million for the quarter. As a group, equities research analysts anticipate that HawkEye 360, Inc. will post -0.01 EPS for the current year.

Hedge Funds Weigh In On HawkEye 360

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

More HawkEye 360 News

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

• Positive Sentiment: Bank of America upgraded HawkEye 360 from “Neutral” to “Buy”, citing an attractive valuation and saying the company’s underlying business remains strong despite the sector selloff. BofA set a $23 price target, although that target was reduced from $34, indicating a more cautious outlook on valuation than its rating change suggests. BofA Securities upgrade
• Positive Sentiment: HawkEye 360 established its first European subsidiary in Luxembourg. The regional base is intended to support European customers, allies and industry partners and could improve access to sovereign defense and intelligence contracts. HawkEye 360 establishes Luxembourg base
• Positive Sentiment: The company’s broader European strategy includes planned cooperation with defense and technology partners, potentially expanding demand for its satellite-based radio-frequency intelligence, surveillance and analytics products. European RF intelligence strategy
• Negative Sentiment: Several insiders sold shares, including Director Arthur Money’s approximately $820,500 sale and additional sales by CFO Craig Searle and insider Michael Turner. The transactions were reportedly made to cover tax withholding on vested equity awards, and Turner’s sales followed a pre-arranged Rule 10b5-1 plan, reducing—but not eliminating—their negative signaling effect. HawkEye 360 insider filings

Analyst Ratings Changes

A number of brokerages have commented on HAWK. Weiss Ratings assumed coverage on shares of HawkEye 360 in a research note on Friday, August 14th. They issued a “sell (d)” rating for the company. The Goldman Sachs Group started coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They set a “buy” rating and a $42.00 price objective on the stock. Bank of America upgraded shares of HawkEye 360 from a “neutral” rating to a “buy” rating and cut their target price for the company from $34.00 to $23.00 in a research note on Thursday. William Blair initiated coverage on HawkEye 360 in a report on Monday, June 1st. They set an “outperform” rating for the company. Finally, Raymond James Financial assumed coverage on HawkEye 360 in a research report on Monday, June 1st. They set a “strong-buy” rating and a $40.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, HawkEye 360 has an average rating of “Moderate Buy” and a consensus price target of $34.20.

About HawkEye 360

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.