Craig Chih-Meng Searle Sells 9,228 Shares of HawkEye 360 (NYSE:HAWK) Stock

Key Points

• CFO Craig Chih-Meng Searle sold 9,228 HawkEye 360 shares at an average price of $16.29, generating $150,324.12. The sale covered tax-withholding obligations, leaving him with 209,228 shares.
• HawkEye 360 shares rose 6.2% to $17.17, while the company’s latest quarterly results showed an adjusted loss of $0.07 per share on $49.81 million in revenue, beating analyst expectations.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and a $34.20 average price target, despite recent target-price reductions from some firms.

HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) CFO Craig Chih-Meng Searle sold 9,228 shares of HawkEye 360 stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $16.29, for a total transaction of $150,324.12. Following the completion of the sale, the chief financial officer directly owned 209,228 shares of the company's stock, valued at approximately $3,408,324.12. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

HawkEye 360 Trading Up 6.2%

Shares of NYSE HAWK traded up $1.00 during trading on Thursday, hitting $17.17. 1,581,248 shares of the company traded hands, compared to its average volume of 1,160,323. The firm has a fifty day moving average of $20.20. HawkEye 360, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $35.73.

HawkEye 360 (NYSE:HAWK - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The firm had revenue of $49.81 million during the quarter. Equities research analysts forecast that HawkEye 360, Inc. will post -0.01 EPS for the current year.

Institutional Trading of HawkEye 360

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new stake in shares of HawkEye 360 in the second quarter worth approximately $434,000. Readystate Asset Management LP purchased a new position in shares of HawkEye 360 during the second quarter valued at approximately $455,000. HBK Investments L P bought a new stake in HawkEye 360 during the second quarter worth $1,011,000. Tidal Investments LLC bought a new stake in HawkEye 360 during the second quarter worth $5,260,000. Finally, Alyeska Investment Group L.P. purchased a new stake in HawkEye 360 in the 2nd quarter valued at $5,358,000.

Analyst Ratings Changes

Several research firms have recently commented on HAWK. Royal Bank Of Canada decreased their price objective on HawkEye 360 from $40.00 to $33.00 and set an "outperform" rating for the company in a report on Tuesday, June 23rd. Berenberg Bank set a $24.00 target price on HawkEye 360 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Wall Street Zen raised shares of HawkEye 360 from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Craig Hallum assumed 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 for the company. Finally, Raymond James Financial assumed coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued a "strong-buy" rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.20.

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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