HawkEye 360 (NYSE:HAWK) Director Arthur Money Sells 50,000 Shares

HawkEye 360, Inc. (NYSE:HAWK) Director Arthur Money sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 54,545 shares of the company’s stock, valued at approximately $895,083.45. This trade 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 link.

HawkEye 360 Stock Up 0.5%

Shares of HawkEye 360 stock opened at $16.47 on Wednesday. The firm’s 50 day moving average price is $20.25. HawkEye 360, Inc. has a 12 month low of $15.71 and a 12 month high of $35.73.

HawkEye 360 (NYSE:HAWK) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The firm had revenue of $49.81 million during the quarter. As a group, equities research analysts anticipate that HawkEye 360, Inc. will post -0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank set a $24.00 target price on shares of HawkEye 360 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Wall Street Zen raised shares of HawkEye 360 from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings started coverage on shares of HawkEye 360 in a research report on Friday, August 14th. They set a “sell (d)” rating on the stock. Royal Bank Of Canada dropped their price objective on shares of HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Finally, Robert W. Baird initiated coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued an “outperform” rating and a $41.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, HawkEye 360 has an average rating of “Moderate Buy” and a consensus price target of $35.30.

HawkEye 360 News Roundup

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

• Positive Sentiment: HawkEye 360 established its first European subsidiary, HawkEye 360 Luxembourg, to support European customers, allies and industry partners. The move could improve access to sovereign defense and intelligence contracts and strengthen the company’s long-term presence in the region. HawkEye 360 Establishes First European Subsidiary in Luxembourg
• Positive Sentiment: The company signed a memorandum of understanding with Leonardo to develop a sovereign signals-intelligence capability. The agreement may expand HawkEye 360’s role in European defense programs and create additional opportunities to sell its satellite-based RF data and analytics. HawkEye 360 and Leonardo Sign MOU to Deliver Sovereign Signals Capability
• Positive Sentiment: HawkEye 360 also formed a strategic collaboration with Czech defense technology company ERA to advance space-based intelligence and surveillance capabilities. The partnership reinforces the company’s European defense ecosystem and could support future government and allied contracts. HawkEye 360 and ERA Form Strategic Collaboration
• Negative Sentiment: Director Arthur L. Money sold 50,000 HAWK shares for approximately $820,500, reducing his direct ownership by 47.83%. Although the filing does not explain the transaction, the sizable insider sale may weigh on sentiment because it signals reduced personal exposure by a company director. SEC Form 4 Insider Sale

Institutional Investors Weigh In On HawkEye 360

A number of hedge funds have recently modified their holdings of HAWK. Alyeska Investment Group L.P. purchased a new position in HawkEye 360 during the second quarter worth about $5,358,000. Tidal Investments LLC purchased a new stake in shares of HawkEye 360 in the 2nd quarter valued at approximately $5,260,000. Readystate Asset Management LP acquired a new stake in shares of HawkEye 360 during the 2nd quarter worth approximately $455,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of HawkEye 360 during the 2nd quarter valued at approximately $434,000.

About HawkEye 360

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.