HawkEye 360 (NYSE:HAWK) Insider Michael Turner Sells 18,256 Shares

Key Points

• Insider sale: Michael Turner sold 18,256 HawkEye 360 shares for approximately $296,477 at an average price of $16.24, reducing his direct ownership by 9.23% to 179,521 shares. The transaction occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• Stock and earnings: HAWK shares traded at $17.17, near their 52-week low of $15.71 and below the 50-day moving average of $20.20. The company reported a quarterly loss of $0.07 per share, beating analyst expectations, on revenue of $49.81 million.
• Analyst sentiment: Analysts collectively rate HawkEye 360 “Moderate Buy,” with an average price target of $34.20, although ratings range from “Strong Buy” to “Sell.” Several institutional investors also initiated new positions during the second quarter.

HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) insider Michael Turner sold 18,256 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $16.24, for a total transaction of $296,477.44. Following the completion of the sale, the insider directly owned 179,521 shares of the company's stock, valued at approximately $2,915,421.04. This trade represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

HawkEye 360 Stock Performance

Shares of HAWK traded up $1.00 during trading hours on Thursday, reaching $17.17. 1,581,248 shares of the stock traded hands, compared to its average volume of 1,160,323. The company's 50-day simple moving average is $20.20. HawkEye 360, Inc. has a 52-week low of $15.71 and a 52-week high of $35.73.

HawkEye 360 (NYSE:HAWK - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.06. The business had revenue of $49.81 million during 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

A number of research analysts recently commented on the company. Wall Street Zen raised HawkEye 360 from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Robert W. Baird initiated coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued an "outperform" rating and a $41.00 target price on the stock. Weiss Ratings assumed coverage on shares of HawkEye 360 in a report on Friday, August 14th. They issued a "sell (d)" rating on the stock. Craig Hallum started coverage on 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, Bank of America upgraded shares of HawkEye 360 from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $34.00 to $23.00 in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.20.

Institutional Inflows and Outflows

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

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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