HawkEye 360 (NYSE:HAWK) Stock: Insider John Sheldon Serafini Sells 92,329 Shares

Key Points

• CEO John Sheldon Serafini sold 92,329 HawkEye 360 shares at an average price of $14.78, generating approximately $1.36 million. The Rule 10b5-1 transaction reduced his stake by 14.26%, leaving him with 554,972 shares.
• HAWK shares rose 1.0% to $14.87, but remain well below the 52-week high of $35.73 and their 50-day moving average of $19.47.
• HawkEye 360 reported quarterly EPS of negative $0.07, beating estimates of negative $0.13, on revenue of $49.81 million. Analysts maintain a consensus “Moderate Buy” rating with a $33.70 price target, despite mixed individual recommendations.

HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) CEO John Sheldon Serafini sold 92,329 shares of the business's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $14.78, for a total value of $1,364,622.62. Following the transaction, the chief executive officer owned 554,972 shares of the company's stock, valued at $8,202,486.16. This trade represents a 14.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HawkEye 360 Stock Up 1.0%

NYSE:HAWK traded up $0.14 during mid-day trading on Friday, reaching $14.87. 1,013,462 shares of the stock were exchanged, compared to its average volume of 1,194,000. The business's fifty day moving average price is $19.47. HawkEye 360, Inc. has a 1-year low of $14.51 and a 1-year 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) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.06. The company had revenue of $49.81 million during the quarter. Sell-side analysts expect that HawkEye 360, Inc. will post -0.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HAWK shares. Wall Street Zen lowered shares of HawkEye 360 from a "hold" rating to a "sell" rating in a research note on Saturday, September 19th. Bank of America raised shares of HawkEye 360 from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $34.00 to $23.00 in a research note on Thursday, September 17th. Royal Bank Of Canada reduced their price objective on HawkEye 360 from $33.00 to $28.00 and set an "outperform" rating for the company in a research report on Wednesday. Jefferies Financial Group lowered their target price on HawkEye 360 from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Monday, August 17th. Finally, Weiss Ratings started coverage on HawkEye 360 in a research note on Friday, August 14th. They set a "sell (d)" rating for the company. Two equities research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, HawkEye 360 has an average rating of "Moderate Buy" and a consensus price target of $33.70.

Institutional Investors Weigh In On HawkEye 360

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. bought a new stake in shares of HawkEye 360 during the second quarter valued at approximately $5,358,000. Tidal Investments LLC bought a new position in HawkEye 360 in the second quarter worth $5,260,000. State Street Corp acquired a new stake in HawkEye 360 during the second quarter worth $1,658,000. HBK Investments L P bought a new stake in HawkEye 360 in the 2nd quarter valued at $1,011,000. Finally, Readystate Asset Management LP acquired a new position in shares of HawkEye 360 in the 2nd quarter valued at $455,000.

HawkEye 360 Company Profile

HawkEye 360 Inc is a geospatial intelligence company that uses a commercial satellite constellation to detect, characterize and geolocate radio-frequency (RF) signals from space. Its technology helps identify activity associated with communications, navigation and other electromagnetic-spectrum sources that may not be visible through traditional imagery.

The company provides RF data, analytics and intelligence products designed to support defense and national security missions, maritime domain awareness, border and infrastructure monitoring, spectrum management and other applications.

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