Michael Turner Sells 8,250 Shares of HawkEye 360 (NYSE:HAWK) Stock

HawkEye 360, Inc. (NYSE:HAWK) insider Michael Turner sold 8,250 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $16.29, for a total transaction of $134,392.50. Following the completion of the transaction, the insider owned 197,777 shares in the company, valued at approximately $3,221,787.33. The trade was a 4.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Price Performance

NYSE:HAWK opened at $16.32 on Friday. HawkEye 360, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $35.73. The company’s 50-day moving average price is $20.07.

HawkEye 360 (NYSE:HAWK) last issued its earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. The firm had revenue of $49.81 million during the quarter. Equities research analysts expect that HawkEye 360, Inc. will post -0.01 earnings per share for the current year.

HawkEye 360 News Summary

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

• Positive Sentiment: Bank of America upgraded HAWK from “Neutral” to “Buy,” citing an attractive valuation and saying the company’s underlying business remains strong despite the broader space and defense-sector selloff. BofA’s $23 price target implies substantial upside from recent levels, although it was reduced from $34, reflecting a more cautious outlook. BofA Securities upgrade
• Positive Sentiment: HawkEye 360 established a base in Luxembourg as it expands in Europe. The new presence could improve access to European defense, intelligence and sovereign-security contracts and support demand for its satellite-based radio-frequency intelligence products. Luxembourg expansion
• Neutral Sentiment: Recent quarterly results were better than expected: HawkEye 360 reported a $0.07 per-share loss versus the consensus estimate of a $0.13 loss, alongside $49.81 million in revenue. Analysts expect the company to remain near breakeven, forecasting a $0.01 per-share loss for the full year.
• Negative Sentiment: Insiders sold a combined 35,734 shares in reported transactions, including sales by CFO Craig Searle and insider Michael Turner. The trades were made under a pre-arranged Rule 10b5-1 plan or to cover tax withholding on vested equity awards, which makes them less concerning than discretionary selling, but the transactions may still create a near-term supply overhang. HawkEye 360 insider sales

Analyst Upgrades and Downgrades

HAWK has been the subject of several recent analyst reports. Berenberg Bank set a $24.00 price target on HawkEye 360 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Bank of America upgraded HawkEye 360 from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $34.00 to $23.00 in a report on Thursday. Royal Bank Of Canada lowered their target price on shares of HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Weiss Ratings assumed coverage on shares of HawkEye 360 in a report on Friday, August 14th. They set a “sell (d)” rating on the stock. Finally, William Blair initiated coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.20.

Institutional Trading of HawkEye 360

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

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.