Insider Selling: HawkEye 360 (NYSE:HAWK) Director Sells 50,000 Shares

HawkEye 360, Inc. (NYSE:HAWKGet Free Report) Director Arthur Money sold 50,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $16.41, for a total transaction of $820,500.00. Following the completion of the sale, the director directly owned 54,545 shares of the company’s stock, valued at $895,083.45. The trade was a 47.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

HawkEye 360 Trading Up 0.5%

Shares of HAWK stock traded up $0.09 during midday trading on Tuesday, reaching $16.47. 932,434 shares of the company were exchanged, compared to its average volume of 1,157,146. The business has a 50 day simple moving average of $20.31. HawkEye 360, Inc. has a 12 month low of $15.71 and a 12 month high of $35.73.

HawkEye 360 (NYSE:HAWKGet Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) EPS 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, equities research analysts predict that HawkEye 360, Inc. will post -0.01 earnings per share for the current year.

Analysts Set New Price Targets

HAWK has been the topic of a number of research reports. William Blair initiated coverage on HawkEye 360 in a research note on Monday, June 1st. They issued an “outperform” rating on the stock. Bank of America started coverage on HawkEye 360 in a report on Monday, June 1st. They set a “neutral” rating and a $34.00 target price on the stock. Weiss Ratings initiated coverage on shares of HawkEye 360 in a research report on Friday, August 14th. They issued a “sell (d)” rating on the stock. Robert W. Baird began coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They set an “outperform” rating and a $41.00 price objective for the company. Finally, Wall Street Zen raised shares of HawkEye 360 from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.30.

View Our Latest Report on HAWK

Institutional Investors Weigh In On HawkEye 360

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

About HawkEye 360

(Get Free Report)

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.

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