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

HawkEye 360, Inc. (NYSE:HAWK) insider Michael Turner sold 8,250 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $16.29, for a total value of $134,392.50. Following the completion of the sale, the insider owned 197,777 shares in the company, valued at $3,221,787.33. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Stock Performance

Shares of NYSE HAWK traded up $1.00 during midday trading on Thursday, reaching $17.17. The stock had a trading volume of 1,582,273 shares, compared to its average volume of 1,160,323. The firm has a 50 day simple moving average of $20.20. HawkEye 360, Inc. has a twelve month low of $15.71 and a twelve month high of $35.73.

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

Hedge Funds Weigh In On HawkEye 360

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group set a $42.00 target price on HawkEye 360 in a research report on Monday, June 1st. Zacks Research raised HawkEye 360 to a “hold” rating in a research note on Tuesday, June 2nd. Berenberg Bank set a $24.00 price target on HawkEye 360 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Bank of America raised shares of 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 research report on Thursday. Finally, Craig Hallum started coverage on shares of HawkEye 360 in a research report on Monday, July 27th. They set 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, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, HawkEye 360 currently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

More HawkEye 360 News

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

• Positive Sentiment: Bank of America upgraded HAWK from “neutral” to “buy” and set a $23 price target. Although the target was reduced from $34, it still implies substantial upside from recent trading levels and provides a positive near-term sentiment catalyst. HawkEye 360’s Underlying Business Remains Strong Despite Sector Selloff, BofA Says
• Positive Sentiment: HawkEye 360 established a Luxembourg subsidiary as part of a broader European expansion. The regional presence could improve access to sovereign defense and intelligence contracts and support relationships with European customers and partners. HawkEye 360 Establishes Luxembourg Base as Europe Push Grows
• Positive Sentiment: Bank of America also characterized HawkEye 360 as “flying below the radar,” suggesting the analyst sees the company’s underlying business as stronger than its recent sector-related selloff indicates. BofA says HawkEye 360 is flying below the radar
• Neutral Sentiment: HawkEye 360’s European strategy includes collaborations with Leonardo and Czech defense technology company ERA, potentially expanding its role in regional signals intelligence and surveillance programs. These initiatives could create future contract opportunities, but their financial impact is not yet established. HawkEye 360 Executes Three-Part European Strategy
• Negative Sentiment: Several insiders sold shares, including CFO Craig Searle and insider Michael Turner. Director Arthur Money also sold 50,000 shares, reducing his direct stake by nearly 48%. The transactions were linked to tax withholding or a pre-arranged trading plan, which reduces their signaling value, but the volume of selling may still weigh on sentiment. HawkEye 360 SEC Insider Filings

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.