HawkEye 360 (NYSE:HAWK) Reaches New 12-Month Low on Insider Selling

HawkEye 360, Inc. (NYSE:HAWK)’s share price reached a new 52-week low during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $14.51 and last traded at $14.93, with a volume of 545 shares traded. The stock had previously closed at $14.81.

Specifically, CEO John Serafini sold 92,329 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $14.78, for a total transaction of $1,364,622.62. Following the sale, the chief executive officer owned 554,972 shares of the company’s stock, valued at approximately $8,202,486.16. This represents a 14.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

HAWK has been the subject of several analyst reports. Wall Street Zen downgraded shares of HawkEye 360 from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Weiss Ratings assumed coverage on HawkEye 360 in a research report on Friday, August 14th. They issued a “sell (d)” rating on the stock. Jefferies Financial Group dropped their price objective on HawkEye 360 from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Bank of America upgraded HawkEye 360 from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $34.00 to $23.00 in a research report on Thursday, September 17th. Finally, Royal Bank Of Canada decreased their target price on HawkEye 360 from $33.00 to $28.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, HawkEye 360 has a consensus rating of “Moderate Buy” and a consensus price target of $33.70.

HawkEye 360 Trading Down 3.0%

The company has a fifty day moving average of $19.27.

HawkEye 360 (NYSE:HAWK) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The firm had revenue of $49.81 million for the quarter. As a group, equities analysts forecast that HawkEye 360, Inc. will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HawkEye 360

Several hedge funds have recently bought and sold shares of HAWK. Squarepoint Ops LLC bought a new stake in HawkEye 360 in the second quarter worth $434,000. Readystate Asset Management LP bought a new position in shares of HawkEye 360 during the second quarter valued at $455,000. HBK Investments L P purchased a new position in shares of HawkEye 360 in the 2nd quarter worth about $1,011,000. State Street Corp bought a new position in HawkEye 360 in the 2nd quarter worth about $1,658,000. Finally, Tidal Investments LLC bought a new position in HawkEye 360 in the 2nd quarter worth about $5,260,000.

About HawkEye 360

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.