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

HawkEye 360, Inc. (NYSE:HAWK) insider Michael Turner sold 18,256 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $16.24, for a total value of $296,477.44. Following the completion of the transaction, the insider owned 179,521 shares in the company, valued at $2,915,421.04. This trade represents a 9.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Trading Down 5.6%

Shares of HAWK stock opened at $16.32 on Friday. 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 moving average price of $20.07.

HawkEye 360 (NYSE:HAWK) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The firm had revenue of $49.81 million during the quarter. Equities research analysts expect that HawkEye 360, Inc. will post -0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HAWK has been the subject of a number of recent research reports. Raymond James Financial initiated coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued a “strong-buy” rating and a $40.00 price objective for the company. Craig Hallum assumed coverage on HawkEye 360 in a research report on Monday, July 27th. They issued a “buy” rating and a $25.00 price target for the company. Berenberg Bank set a $24.00 price objective on HawkEye 360 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Robert W. Baird initiated coverage on HawkEye 360 in a research note on Monday, June 1st. They issued an “outperform” rating and a $41.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on HawkEye 360 in a report on Monday, June 1st. They issued an “overweight” rating and a $41.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, HawkEye 360 currently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

Key Headlines 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,” citing an attractive valuation and saying the company’s underlying business remains strong despite the broader space and defense-sector selloff. BofA’s $23 price target implies substantial upside from recent levels, although it was reduced from $34, reflecting a more cautious outlook. BofA Securities upgrade
• Positive Sentiment: HawkEye 360 established a base in Luxembourg as it expands in Europe. The new presence could improve access to European defense, intelligence and sovereign-security contracts and support demand for its satellite-based radio-frequency intelligence products. Luxembourg expansion
• Neutral Sentiment: Recent quarterly results were better than expected: HawkEye 360 reported a $0.07 per-share loss versus the consensus estimate of a $0.13 loss, alongside $49.81 million in revenue. Analysts expect the company to remain near breakeven, forecasting a $0.01 per-share loss for the full year.
• Negative Sentiment: Insiders sold a combined 35,734 shares in reported transactions, including sales by CFO Craig Searle and insider Michael Turner. The trades were made under a pre-arranged Rule 10b5-1 plan or to cover tax withholding on vested equity awards, which makes them less concerning than discretionary selling, but the transactions may still create a near-term supply overhang. HawkEye 360 insider sales

Institutional Investors Weigh In On HawkEye 360

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