HawkEye 360 (NYSE:HAWK) Stock Price Target Raised at Piper Sandler

HawkEye 360 (NYSE:HAWK) had its price objective increased by stock analysts at Piper Sandler from $22.00 to $24.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler‘s price objective would suggest a potential upside of 63.82% from the company’s previous close.

Several other research firms have also recently weighed in on HAWK. Berenberg Bank started coverage on HawkEye 360 in a report on Wednesday, September 2nd. They set a “buy” rating and a $24.00 price target on the stock. Wall Street Zen lowered HawkEye 360 from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Jefferies Financial Group reduced their price objective on HawkEye 360 from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Bank of America raised HawkEye 360 from a “neutral” rating to a “buy” rating and lowered their target price for the company from $34.00 to $23.00 in a report on Thursday, September 17th. Finally, 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 on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.18.

HawkEye 360 Trading Down 4.0%

HawkEye 360 stock opened at $14.65 on Friday. The company has a market cap of $1.44 billion and a price-to-earnings ratio of -28.17. The business has a fifty day simple moving average of $14.61. HawkEye 360 has a 12 month low of $11.25 and a 12 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 for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $49.81 million for the quarter. On average, research analysts expect that HawkEye 360 will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling at HawkEye 360

In related news, Director Arthur Money sold 50,000 shares of the 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 transaction, the director owned 54,545 shares of the company’s stock, valued at approximately $895,083.45. This trade represents a 47.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Serafini sold 92,329 shares of the firm’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 value of $1,364,622.62. Following the completion of the sale, the chief executive officer directly owned 554,972 shares of the company’s stock, valued at $8,202,486.16. The trade was a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 178,063 shares of company stock worth $2,766,317 in the last 90 days. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of HawkEye 360 by 304.9% in the 3rd quarter. State Street Corp now owns 331,981 shares of the company’s stock worth $5,013,000 after acquiring an additional 249,981 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in HawkEye 360 during the 2nd quarter valued at about $5,358,000. Tidal Investments LLC bought a new position in HawkEye 360 during the 2nd quarter valued at about $5,260,000. HBK Investments L P bought a new position in HawkEye 360 during the 2nd quarter valued at about $1,011,000. Finally, CenterBook Partners LP raised its position in HawkEye 360 by 88.9% in the 3rd quarter. CenterBook Partners LP now owns 28,932 shares of the company’s stock worth $437,000 after purchasing an additional 13,615 shares during the period.

About HawkEye 360

HawkEye 360 is a geospatial intelligence company that uses a constellation of small satellites to detect, locate and characterize radio-frequency (RF) signals around the world. Its data can help customers understand activity such as communications, radar use and other electronic emissions, including in areas where ground-based monitoring is limited. The company combines satellite-collected RF data with analytics and software tools to deliver intelligence products and services. Its customers include government and defense organizations, as well as commercial users with needs related to maritime awareness, security and other forms of activity monitoring.