HawkEye 360 (NYSE:HAWK) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded HawkEye 360 from “Hold” to “Sell,” while the broader analyst consensus remains “Moderate Buy” with a $34.20 price target.
• Shares opened at $16.32, down 5.6%, near the company’s $15.71 one-year low. HawkEye 360 nevertheless beat quarterly expectations, reporting a $0.07 per-share loss versus the estimated $0.13 loss and $49.81 million in revenue.
• Insiders sold 85,734 shares worth approximately $1.4 million over the past three months, although some transactions were conducted under Rule 10b5-1 plans or to cover tax obligations; several institutional investors also initiated positions.

HawkEye 360 (NYSE:HAWK - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on the stock. UBS Group set a $42.00 target price on shares of HawkEye 360 in a research report on Monday, June 1st. Bank of America upgraded shares of HawkEye 360 from a "neutral" rating to a "buy" rating and reduced their price target for the company from $34.00 to $23.00 in a research report on Thursday. William Blair assumed coverage on shares of HawkEye 360 in a report on Monday, June 1st. They set an "outperform" rating for the company. Zacks Research upgraded shares of HawkEye 360 to a "hold" rating in a research note on Tuesday, June 2nd. Finally, Morgan Stanley started coverage on HawkEye 360 in a report on Monday, June 1st. They issued an "overweight" rating and a $41.00 target price on the stock. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat, HawkEye 360 presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.20.

HawkEye 360 Stock Down 5.6%

HawkEye 360 stock opened at $16.32 on Friday. The stock's 50 day moving average is $20.07. HawkEye 360 has a one year low of $15.71 and a one year high of $35.73.

HawkEye 360 (NYSE:HAWK - Get Free Report) 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. On average, equities research analysts forecast that HawkEye 360 will post -0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Arthur Money sold 50,000 shares of the company's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $16.41, for a total transaction of $820,500.00. Following the transaction, the director directly owned 54,545 shares in the company, valued at approximately $895,083.45. This represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Turner sold 18,256 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $16.24, for a total transaction of $296,477.44. Following the sale, the insider directly owned 179,521 shares in the company, valued at $2,915,421.04. This trade represents a 9.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last three months, insiders sold 85,734 shares of company stock valued at $1,401,694. Insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On HawkEye 360

Several hedge funds and other institutional investors have recently made changes to their positions in HAWK. Squarepoint Ops LLC bought a new stake in shares of HawkEye 360 during the 2nd quarter valued at $434,000. Readystate Asset Management LP acquired a new position in shares of HawkEye 360 in the 2nd quarter valued at $455,000. HBK Investments L P bought a new position in shares of HawkEye 360 in the 2nd quarter worth $1,011,000. Tidal Investments LLC acquired a new stake in shares of HawkEye 360 during the second quarter worth $5,260,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of HawkEye 360 during the second quarter worth $5,358,000.

Key Headlines Impacting HawkEye 360

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

• Positive Sentiment: Bank of America upgraded HAWK from “Neutral” to “Buy,” citing an attractive valuation and saying the company’s underlying business remains strong despite the broader space and defense-sector selloff. BofA’s $23 price target implies substantial upside from recent levels, although it was reduced from $34, reflecting a more cautious outlook. BofA Securities upgrade
• Positive Sentiment: HawkEye 360 established a base in Luxembourg as it expands in Europe. The new presence could improve access to European defense, intelligence and sovereign-security contracts and support demand for its satellite-based radio-frequency intelligence products. Luxembourg expansion
• Neutral Sentiment: Recent quarterly results were better than expected: HawkEye 360 reported a $0.07 per-share loss versus the consensus estimate of a $0.13 loss, alongside $49.81 million in revenue. Analysts expect the company to remain near breakeven, forecasting a $0.01 per-share loss for the full year.
• Negative Sentiment: Insiders sold a combined 35,734 shares in reported transactions, including sales by CFO Craig Searle and insider Michael Turner. The trades were made under a pre-arranged Rule 10b5-1 plan or to cover tax withholding on vested equity awards, which makes them less concerning than discretionary selling, but the transactions may still create a near-term supply overhang. HawkEye 360 insider sales

HawkEye 360 Company Profile

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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