HawkEye 360 (NYSE:HAWK) Stock: Insider John Sheldon Serafini Sells 92,329 Shares

HawkEye 360, Inc. (NYSE:HAWK) CEO John Sheldon Serafini sold 92,329 shares of HawkEye 360 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 sale, the chief executive officer directly owned 554,972 shares in the company, valued at $8,202,486.16. The trade was a 14.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HawkEye 360 Price Performance

Shares of HawkEye 360 stock traded up $0.14 during midday trading on Friday, hitting $14.87. 1,013,462 shares of the company were exchanged, compared to its average volume of 1,194,000. The firm has a 50 day simple moving average of $19.47. HawkEye 360, Inc. has a 52 week low of $14.51 and a 52 week high of $35.73.

HawkEye 360 (NYSE:HAWK) last announced its quarterly earnings results 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 during the quarter. Equities analysts anticipate that HawkEye 360, Inc. will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HawkEye 360

Several large investors have recently made changes to their positions in HAWK. State Street Corp acquired a new stake in HawkEye 360 in the second quarter worth about $1,658,000. HBK Investments L P bought a new position in shares of HawkEye 360 in the 2nd quarter valued at about $1,011,000. Tidal Investments LLC acquired a new stake in shares of HawkEye 360 during the 2nd quarter worth approximately $5,260,000. Squarepoint Ops LLC bought a new stake in shares of HawkEye 360 during the second quarter worth approximately $434,000. Finally, Readystate Asset Management LP acquired a new position in HawkEye 360 in the second quarter valued at approximately $455,000.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wall Street Zen cut shares of HawkEye 360 from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Craig Hallum started coverage on HawkEye 360 in a report on Monday, July 27th. They issued a “buy” rating and a $25.00 target price on the stock. Royal Bank Of Canada dropped their price target on HawkEye 360 from $33.00 to $28.00 and set an “outperform” rating for the company in a report on Wednesday. Bank of America upgraded HawkEye 360 from a “neutral” rating to a “buy” rating and cut their price objective for the company from $34.00 to $23.00 in a research report on Thursday, September 17th. Finally, Berenberg Bank set a $24.00 price objective on HawkEye 360 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given 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 presently has a consensus rating of “Moderate Buy” and an average target price of $33.70.

HawkEye 360 Company Profile

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.