Michael Turner Sells 8,250 Shares of HawkEye 360 (NYSE:HAWK) Stock

Key Points

• Insider sale: Michael Turner sold 8,250 HawkEye 360 shares for approximately $134,393 under a pre-arranged Rule 10b5-1 plan to cover tax withholding, reducing his stake by 4% to 197,777 shares.
• Stock and earnings: HAWK recently traded at $17.17, near its 52-week low of $15.71. The company reported quarterly EPS of negative $0.07, beating estimates of negative $0.13, on revenue of $49.81 million.
• Outlook and expansion: Bank of America upgraded the stock to “buy” with a $23 target, while HawkEye 360 expanded in Europe through a Luxembourg subsidiary and partnerships. Analysts overall maintain a “Moderate Buy” rating with an average target price of $34.20, though other insiders have also sold shares.

HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) insider Michael Turner sold 8,250 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $16.29, for a total transaction of $134,392.50. Following the completion of the sale, the insider directly owned 197,777 shares of the company's stock, valued at approximately $3,221,787.33. The trade was a 4.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 stock traded up $1.00 on Thursday, hitting $17.17. The company's stock had a trading volume of 1,582,273 shares, compared to its average volume of 1,160,323. HawkEye 360, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $35.73. The business has a 50 day simple moving average of $20.20.

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

HawkEye 360 News Roundup

Here are the key news stories impacting HawkEye 360 this week:

• Positive Sentiment: Bank of America upgraded HAWK from “neutral” to “buy” and set a $23 price target. Although the target was reduced from $34, it still implies substantial upside from recent trading levels and provides a positive near-term sentiment catalyst. HawkEye 360's Underlying Business Remains Strong Despite Sector Selloff, BofA Says
• Positive Sentiment: HawkEye 360 established a Luxembourg subsidiary as part of a broader European expansion. The regional presence could improve access to sovereign defense and intelligence contracts and support relationships with European customers and partners. HawkEye 360 Establishes Luxembourg Base as Europe Push Grows
• Positive Sentiment: Bank of America also characterized HawkEye 360 as “flying below the radar,” suggesting the analyst sees the company’s underlying business as stronger than its recent sector-related selloff indicates. BofA says HawkEye 360 is flying below the radar
• Neutral Sentiment: HawkEye 360’s European strategy includes collaborations with Leonardo and Czech defense technology company ERA, potentially expanding its role in regional signals intelligence and surveillance programs. These initiatives could create future contract opportunities, but their financial impact is not yet established. HawkEye 360 Executes Three-Part European Strategy
• Negative Sentiment: Several insiders sold shares, including CFO Craig Searle and insider Michael Turner. Director Arthur Money also sold 50,000 shares, reducing his direct stake by nearly 48%. The transactions were linked to tax withholding or a pre-arranged trading plan, which reduces their signaling value, but the volume of selling may still weigh on sentiment. HawkEye 360 SEC Insider Filings

Institutional Investors Weigh In On HawkEye 360

Hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in HawkEye 360 in the second quarter valued at about $434,000. Readystate Asset Management LP bought a new stake in shares of HawkEye 360 during the second quarter worth about $455,000. HBK Investments L P acquired a new position in shares of HawkEye 360 in the second quarter valued at approximately $1,011,000. Tidal Investments LLC bought a new position in HawkEye 360 in the 2nd quarter valued at approximately $5,260,000. Finally, Alyeska Investment Group L.P. bought a new position in HawkEye 360 in the 2nd quarter valued at approximately $5,358,000.

Analyst Upgrades and Downgrades

HAWK has been the topic of a number of analyst reports. Zacks Research raised HawkEye 360 to a "hold" rating in a research report on Tuesday, June 2nd. Raymond James Financial started coverage on HawkEye 360 in a research report on Monday, June 1st. They set a "strong-buy" rating and a $40.00 target price for the company. The Goldman Sachs Group started coverage on HawkEye 360 in a report on Monday, June 1st. They set a "buy" rating and a $42.00 target price on the stock. Weiss Ratings began coverage on HawkEye 360 in a research note on Friday, August 14th. They issued a "sell (d)" rating for the company. Finally, Bank of America raised shares of HawkEye 360 from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $34.00 to $23.00 in a research report on Thursday. Two 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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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