Insider Selling: HawkEye 360 (NYSE:HAWK) CFO Sells $150,324.12 in Stock

HawkEye 360, Inc. (NYSE:HAWK) CFO Craig Chih-Meng Searle sold 9,228 shares of the firm’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 $150,324.12. Following the transaction, the chief financial officer directly owned 209,228 shares in the company, valued at $3,408,324.12. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

HawkEye 360 Stock Performance

HawkEye 360 stock traded up $1.00 during midday trading on Thursday, hitting $17.17. 1,581,248 shares of the stock were exchanged, compared to its average volume of 1,160,323. HawkEye 360, Inc. has a 52-week low of $15.71 and a 52-week high of $35.73. The stock’s 50-day simple moving average is $20.20.

HawkEye 360 (NYSE:HAWK) last posted its quarterly earnings data 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. As a group, analysts predict that HawkEye 360, Inc. will post -0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HAWK. Craig Hallum assumed coverage on HawkEye 360 in a report on Monday, July 27th. They set a “buy” rating and a $25.00 price target on the stock. Zacks Research upgraded HawkEye 360 to a “hold” rating in a research note on Tuesday, June 2nd. Raymond James Financial began 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. Royal Bank Of Canada lowered their target price on HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group initiated coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They set a “buy” rating and a $42.00 price target for the company. Two 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

Institutional Investors Weigh In On HawkEye 360

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