Craig Chih-Meng Searle Sells 9,228 Shares of HawkEye 360 (NYSE:HAWK) Stock

HawkEye 360, Inc. (NYSE:HAWK) CFO Craig Chih-Meng Searle sold 9,228 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $16.29, for a total value of $150,324.12. Following the completion of the transaction, the chief financial officer owned 209,228 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

HawkEye 360 Trading Down 5.6%

Shares of NYSE:HAWK opened at $16.32 on Friday. The stock has a 50-day simple moving average of $20.07. HawkEye 360, Inc. has a 12-month low of $15.71 and a 12-month high of $35.73.

HawkEye 360 (NYSE:HAWK) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $49.81 million for the quarter. Sell-side analysts expect that HawkEye 360, Inc. will post -0.01 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HAWK. Jefferies Financial Group lowered their price objective on shares of HawkEye 360 from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Weiss Ratings initiated coverage on HawkEye 360 in a research report on Friday, August 14th. They set a “sell (d)” rating for the company. Raymond James Financial assumed coverage on HawkEye 360 in a report on Monday, June 1st. They set a “strong-buy” rating and a $40.00 target price for the company. Bank of America raised shares of HawkEye 360 from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $34.00 to $23.00 in a research report on Thursday. Finally, The Goldman Sachs Group started coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued a “buy” rating and a $42.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.20.

Institutional Trading of HawkEye 360

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

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.