HawkEye 360 (NYSE:HAWK) Now Covered by Analysts at Piper Sandler

Investment analysts at Piper Sandler began coverage on shares of HawkEye 360 (NYSE:HAWK) in a research report issued on Thursday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $22.00 price target on the stock. Piper Sandler’s price target would indicate a potential upside of 82.42% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada reduced their price target on shares of HawkEye 360 from $33.00 to $28.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Berenberg Bank set a $24.00 price objective on shares of HawkEye 360 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Weiss Ratings assumed coverage on shares of HawkEye 360 in a research report on Friday, August 14th. They set a “sell (d)” rating 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 company from $34.00 to $23.00 in a research note on Thursday, September 17th. Finally, Craig Hallum started coverage on shares of HawkEye 360 in a research report on Monday, July 27th. They issued a “buy” rating and a $25.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $32.64.

HawkEye 360 Trading Down 3.1%

Shares of HawkEye 360 stock traded down $0.38 during trading on Thursday, reaching $12.06. 1,402,559 shares of the company’s stock were exchanged, compared to its average volume of 1,224,985. HawkEye 360 has a 1-year low of $11.92 and a 1-year high of $35.73. The stock has a market cap of $1.18 billion and a P/E ratio of -23.19. The company has a 50-day simple moving average of $17.64.

HawkEye 360 (NYSE:HAWK) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06. The business had revenue of $49.81 million for the quarter. As a group, sell-side analysts anticipate that HawkEye 360 will post -0.51 EPS for the current fiscal year.

Insider Activity

In related news, CFO Craig Chih-Meng Searle sold 9,228 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $16.29, for a total transaction of $150,324.12. Following the completion of the sale, the chief financial officer owned 209,228 shares of the company’s stock, valued at $3,408,324.12. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Arthur Money sold 50,000 shares of HawkEye 360 stock in a transaction on Friday, September 11th. The shares were sold at an average price of $16.41, for a total transaction of $820,500.00. Following the completion of the sale, the director owned 54,545 shares of the company’s stock, valued at $895,083.45. This represents a 47.83% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 178,063 shares of company stock valued at $2,766,317.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. acquired a new position in shares of HawkEye 360 during the second quarter valued at about $5,358,000. Tidal Investments LLC acquired a new stake in shares of HawkEye 360 in the 2nd quarter worth about $5,260,000. State Street Corp bought a new position in HawkEye 360 in the 2nd quarter valued at about $1,658,000. HBK Investments L P bought a new position in HawkEye 360 in the 2nd quarter valued at about $1,011,000. Finally, Readystate Asset Management LP bought a new position in HawkEye 360 in the 2nd quarter valued at about $455,000.

About HawkEye 360

HawkEye 360 Inc is a geospatial intelligence company that uses a commercial satellite constellation to detect, characterize and geolocate radio-frequency (RF) signals from space. Its technology helps identify activity associated with communications, navigation and other electromagnetic-spectrum sources that may not be visible through traditional imagery.

The company provides RF data, analytics and intelligence products designed to support defense and national security missions, maritime domain awareness, border and infrastructure monitoring, spectrum management and other applications.