HawkEye 360, Inc. (NYSE:HAWK) Short Interest Update

HawkEye 360, Inc. (NYSE:HAWK) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 1,268,837 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 2,167,441 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.4% of the company’s stock are sold short.

Insiders Place Their Bets

In other HawkEye 360 news, Director Francis Alphonse Finelli acquired 9,615 shares of the stock in a transaction on Friday, May 8th. The stock was purchased at an average price of $26.00 per share, for a total transaction of $249,990.00. Following the purchase, the director directly owned 9,615 shares in the company, valued at $249,990. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HAWK. William Blair began coverage on HawkEye 360 in a research note on Monday. They set an “outperform” rating for the company. Royal Bank Of Canada began coverage on HawkEye 360 in a report on Monday. They set an “outperform” rating and a $40.00 target price on the stock. UBS Group set a $42.00 target price on HawkEye 360 in a report on Monday. Bank of America began coverage on HawkEye 360 in a report on Monday. They set a “neutral” rating and a $34.00 target price on the stock. Finally, Wall Street Zen raised HawkEye 360 to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.25.

HawkEye 360 Stock Performance

NYSE:HAWK opened at $31.54 on Wednesday. HawkEye 360 has a 52 week low of $28.83 and a 52 week high of $35.73. The company has a market cap of $2.94 billion, a price-to-earnings ratio of -11.46 and a beta of 0.72.

HawkEye 360 Company Profile

HawkEye 360 is a U.S.-based geospatial intelligence company that operates a commercial satellite constellation and analytics platform focused on radio frequency (RF) data. The company collects and geolocates RF emissions from space using clusters of small satellites, turning raw signal detections into actionable datasets and insights. Its technology is designed to reveal signal sources and patterns that are difficult or impossible to observe with conventional remote sensing systems.

HawkEye 360 offers subscription access to geospatial RF datasets, on-demand tasking, and analytic services delivered through cloud-based tools and APIs.