Tidal Investments LLC Acquires New Stake in HawkEye 360, Inc. $HAWK

Key Points

• Tidal Investments acquired 260,137 shares of HawkEye 360 during the second quarter, valued at approximately $5.26 million and representing a 0.27% stake. Other institutions, including Alyeska Investment Group, also initiated positions.
• HawkEye 360 reported quarterly revenue of $49.81 million and an adjusted loss of $0.07 per share, exceeding analysts’ expected loss of $0.13 per share. The stock opened at $16.31, near its 52-week low of $16.04.
• Analysts maintain a generally positive outlook, with the stock receiving a consensus rating of “Moderate Buy” and an average price target of $35.30, well above its current share price.

Tidal Investments LLC bought a new stake in HawkEye 360, Inc. (NYSE:HAWK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 260,137 shares of the company's stock, valued at approximately $5,260,000. Tidal Investments LLC owned 0.27% of HawkEye 360 as of its most recent filing with the Securities & Exchange Commission.

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

HawkEye 360 Stock Up 0.1%

Shares of HawkEye 360 stock opened at $16.31 on Monday. HawkEye 360, Inc. has a fifty-two week low of $16.04 and a fifty-two week high of $35.73. The business has a fifty day moving average price of $20.38.

HawkEye 360 (NYSE:HAWK - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The business had revenue of $49.81 million during the quarter. On average, sell-side analysts forecast that HawkEye 360, Inc. will post -0.01 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HAWK shares. Craig Hallum began coverage on shares of HawkEye 360 in a research note on Monday, July 27th. They set a "buy" rating and a $25.00 price target on the stock. The Goldman Sachs Group assumed coverage on HawkEye 360 in a report on Monday, June 1st. They issued a "buy" rating and a $42.00 target price on the stock. Bank of America initiated coverage on HawkEye 360 in a report on Monday, June 1st. They set a "neutral" rating and a $34.00 price target for the company. 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. Finally, Morgan Stanley initiated coverage on HawkEye 360 in a research report on Monday, June 1st. They set an "overweight" rating and a $41.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, HawkEye 360 has a consensus rating of "Moderate Buy" and an average target price of $35.30.

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.

Want to see what other hedge funds are holding HAWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HawkEye 360, Inc. (NYSE:HAWK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.