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

HawkEye 360, Inc. (NYSE:HAWK) insider Michael Turner sold 8,250 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $16.29, for a total transaction of $134,392.50. Following the completion of the transaction, the insider directly owned 197,777 shares of the company’s stock, valued at $3,221,787.33. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Price Performance

Shares of HAWK opened at $17.17 on Friday. The business’s 50-day simple moving average is $20.14. HawkEye 360, Inc. has a 12 month low of $15.71 and a 12 month high of $35.73.

HawkEye 360 (NYSE:HAWK) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.06. The company had revenue of $49.81 million during the quarter. As a group, sell-side analysts anticipate that HawkEye 360, Inc. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank Of Canada dropped their price objective on HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Raymond James Financial started coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued a “strong-buy” rating and a $40.00 target price on the stock. UBS Group set a $42.00 target price on shares of HawkEye 360 in a research report on Monday, June 1st. Zacks Research upgraded shares of HawkEye 360 to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Berenberg Bank set a $24.00 price target on HawkEye 360 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, HawkEye 360 has an average rating of “Moderate Buy” and an average price target of $34.20.

Key Stories Impacting HawkEye 360

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

• Positive Sentiment: Bank of America upgraded HAWK from “Neutral” to “Buy”, saying the company’s underlying business remains strong despite the broader sector selloff and that its valuation is attractive. BofA set a $23 price target, implying meaningful upside, although the target was reduced from $34, signaling a more cautious valuation outlook. BofA Securities upgrade
• Positive Sentiment: HawkEye 360 established a European base in Luxembourg to support customers, allies and industry partners. The move could improve access to European defense, intelligence and sovereign-security contracts and expand demand for its satellite-based radio-frequency intelligence products. Luxembourg expansion
• Neutral Sentiment: Recent quarterly results showed a loss of $0.07 per share, better than the expected $0.13 loss, with revenue of $49.81 million. Analysts currently expect a near-breakeven loss of $0.01 per share for the full fiscal year.
• Negative Sentiment: Multiple insiders sold shares, including CFO Craig Searle and Michael Turner. The transactions were tied to tax withholding on vested equity awards, and Turner’s sales were conducted under a pre-arranged Rule 10b5-1 plan, which reduces their negative significance but does not eliminate the overhang. Insider sales

Institutional Trading of HawkEye 360

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC bought a new stake in shares of HawkEye 360 during the 2nd quarter valued at $5,260,000. Alyeska Investment Group L.P. acquired a new position in shares of HawkEye 360 in the 2nd quarter valued at $5,358,000. HBK Investments L P bought a new position in shares of HawkEye 360 in the 2nd quarter worth $1,011,000. Squarepoint Ops LLC acquired a new stake in shares of HawkEye 360 during the second quarter worth $434,000. Finally, Readystate Asset Management LP acquired a new stake in shares of HawkEye 360 during the second quarter worth $455,000.

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.