HawkEye 360 (NYSE:HAWK) Insider Michael Turner Sells 18,256 Shares

HawkEye 360, Inc. (NYSE:HAWK) insider Michael Turner sold 18,256 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $16.24, for a total transaction of $296,477.44. Following the completion of the sale, the insider owned 179,521 shares of the company’s stock, valued at $2,915,421.04. This trade represents a 9.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Trading Up 6.2%

Shares of HAWK opened at $17.17 on Friday. The business’s 50-day moving average is $20.14. HawkEye 360, Inc. has a twelve month low of $15.71 and a twelve month high of $35.73.

HawkEye 360 (NYSE:HAWK) last issued its quarterly earnings data 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 for the quarter. Equities analysts anticipate that HawkEye 360, Inc. will post -0.01 EPS for the current year.

Institutional Trading of HawkEye 360

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

Key Headlines Impacting HawkEye 360

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

Wall Street Analysts Forecast Growth

HAWK has been the topic of several recent analyst reports. Raymond James Financial started coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They set a “strong-buy” rating and a $40.00 price objective on the stock. 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 raised shares of HawkEye 360 from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Royal Bank Of Canada lowered their target price on shares of HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Finally, Morgan Stanley initiated coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued an “overweight” rating and a $41.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, HawkEye 360 presently has an average rating of “Moderate Buy” and an average target price of $34.20.

HawkEye 360 Company Profile

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.