HawkEye 360 (NYSE:HAWK) Shares Gap Up Following Analyst Upgrade

Key Points

• HawkEye 360 shares jumped after Piper Sandler raised its price target from $22 to $24 and reiterated an overweight rating; shares opened at $16.65, up from the prior close of $14.67.
• Analyst views remain mixed, but the consensus rating is Moderate Buy with an average price target of $32.18. Recent calls include buy ratings and a sell rating from Weiss Ratings.
• Company updates cited record third-quarter revenue of $59.3 million, up 84% year over year, and approximately $135 million in contracts signed since October 1, supporting demand and revenue visibility.

HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) gapped up prior to trading on Friday after Piper Sandler raised their price target on the stock from $22.00 to $24.00. The stock had previously closed at $14.67, but opened at $16.65. Piper Sandler currently has an overweight rating on the stock. HawkEye 360 shares last traded at $16.58, with a volume of 828,024 shares trading hands.

A number of other equities analysts have also recently commented on HAWK. Weiss Ratings restated a "sell (d)" rating on shares of HawkEye 360 in a report on Thursday. Craig Hallum initiated coverage on HawkEye 360 in a research report on Monday, July 27th. They issued a "buy" rating and a $25.00 target price for the company. Bank of America upgraded shares of HawkEye 360 from a "neutral" rating to a "buy" rating and cut their price target for the stock from $34.00 to $23.00 in a research note on Thursday, September 17th. Jefferies Financial Group reduced their price target on shares of HawkEye 360 from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Monday, August 17th. Finally, Royal Bank Of Canada lowered their price objective on shares of HawkEye 360 from $28.00 to $21.00 and set an "outperform" rating for the company in a research note on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.18.

Insider Activity

In related news, Director Arthur Money sold 50,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $16.41, for a total value of $820,500.00. Following the transaction, the director owned 54,545 shares of the company's stock, valued at $895,083.45. This represents a 47.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Craig Chih-Meng Searle sold 9,228 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $16.29, for a total value of $150,324.12. Following the completion of the transaction, the chief financial officer directly owned 209,228 shares in the company, valued at $3,408,324.12. This trade represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 178,063 shares of company stock worth $2,766,317. 3.80% of the stock is currently owned by company insiders.

Key HawkEye 360 News

Investors following HAWK have been watching these news items:

• Positive Sentiment: Q3 revenue reached a record $59.3 million, up 84% year over year. International revenue climbed 76% to $23.3 million, and backlog stood at $300.3 million at quarter-end. HawkEye 360 Announces Third Quarter 2026 Financial Results
• Positive Sentiment: HawkEye 360 announced approximately $135 million in contracts signed since October 1, including more than $70 million in Europe. The awards point to strong demand for its signals-intelligence offerings and support future revenue visibility. HawkEye 360 Secures Approximately $135 Million in Global Contracts
• Neutral Sentiment: William J. Burns was appointed to the board. The announcement provides no details about expected business or financial effects. Appointment of William J. Burns to the Board

Institutional Investors Weigh In On HawkEye 360

Several hedge funds and other institutional investors have recently made changes to their positions in HAWK. State Street Corp boosted its holdings in HawkEye 360 by 304.9% in the third quarter. State Street Corp now owns 331,981 shares of the company's stock valued at $5,013,000 after purchasing an additional 249,981 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in HawkEye 360 during the second quarter worth approximately $5,358,000. Tidal Investments LLC acquired a new stake in HawkEye 360 during the second quarter worth approximately $5,260,000. HBK Investments L P purchased a new stake in shares of HawkEye 360 during the 2nd quarter worth approximately $1,011,000. Finally, CenterBook Partners LP lifted its position in shares of HawkEye 360 by 88.9% during the 3rd quarter. CenterBook Partners LP now owns 28,932 shares of the company's stock worth $437,000 after buying an additional 13,615 shares during the last quarter.

HawkEye 360 Trading Up 16.5%

The firm's fifty day simple moving average is $14.61. The company has a market cap of $1.67 billion and a price-to-earnings ratio of -32.87.

HawkEye 360 (NYSE:HAWK - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.06. The company had revenue of $49.81 million during the quarter. As a group, equities analysts expect that HawkEye 360, Inc. will post -0.67 earnings per share for the current year.

About HawkEye 360

HawkEye 360 is a geospatial intelligence company that uses a constellation of small satellites to detect, locate and characterize radio-frequency (RF) signals around the world. Its data can help customers understand activity such as communications, radar use and other electronic emissions, including in areas where ground-based monitoring is limited. The company combines satellite-collected RF data with analytics and software tools to deliver intelligence products and services. Its customers include government and defense organizations, as well as commercial users with needs related to maritime awareness, security and other forms of activity monitoring.

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