HawkEye 360 (NYSE:HAWK) Director Sells 50,000 Shares of Stock

Key Points

• Director Arthur Money sold 50,000 HawkEye 360 shares at an average price of $16.41, generating $820,500. The sale reduced his holdings by 47.83%, leaving him with 54,545 shares.
• HawkEye 360 shares traded at $16.47, near their one-year low of $15.71 and well below the one-year high of $35.73. The company recently reported a quarterly loss of $0.07 per share, beating analyst expectations of a $0.13 loss.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $35.30, despite ratings ranging from “sell” to “strong buy.” Several institutional investors also established new positions during the second quarter.

HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) Director Arthur Money sold 50,000 shares of the company's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $16.41, for a total transaction of $820,500.00. Following the completion of the sale, the director owned 54,545 shares in the company, valued at approximately $895,083.45. This trade represents a 47.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

HawkEye 360 Stock Performance

NYSE:HAWK traded up $0.09 during mid-day trading on Tuesday, reaching $16.47. The stock had a trading volume of 932,434 shares, compared to its average volume of 1,157,146. HawkEye 360, Inc. has a 1-year low of $15.71 and a 1-year high of $35.73. The business has a 50 day simple moving average of $20.31.

HawkEye 360 (NYSE:HAWK - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.06. The firm had revenue of $49.81 million for the quarter. On average, equities research analysts forecast that HawkEye 360, Inc. will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings initiated coverage on shares of HawkEye 360 in a research note on Friday, August 14th. They set a "sell (d)" rating on the stock. Jefferies Financial Group lowered their target price on HawkEye 360 from $34.00 to $31.00 and set a "buy" rating for the company in a report on Monday, August 17th. Raymond James Financial assumed coverage on HawkEye 360 in a research report on Monday, June 1st. They set a "strong-buy" rating and a $40.00 price target on the stock. Wall Street Zen raised HawkEye 360 from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Bank of America started coverage on HawkEye 360 in a research report on Monday, June 1st. They set a "neutral" rating and a $34.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new stake in shares of HawkEye 360 during the second quarter valued at approximately $434,000. Readystate Asset Management LP bought a new position in HawkEye 360 in the 2nd quarter worth approximately $455,000. Tidal Investments LLC acquired a new stake in HawkEye 360 in the 2nd quarter valued at approximately $5,260,000. Finally, Alyeska Investment Group L.P. bought a new stake in HawkEye 360 during the 2nd quarter valued at $5,358,000.

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.

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