Michael Turner Sells 18,256 Shares of HawkEye 360 (NYSE:HAWK) Stock

HawkEye 360, Inc. (NYSE:HAWK) insider Michael Turner sold 18,256 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $16.24, for a total transaction of $296,477.44. Following the transaction, the insider directly owned 179,521 shares of the company’s stock, valued at $2,915,421.04. This represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

HawkEye 360 Price Performance

NYSE HAWK traded up $1.00 on Thursday, reaching $17.17. 1,581,248 shares of the company’s stock traded hands, compared to its average volume of 1,160,323. HawkEye 360, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $35.73. The business has a 50 day moving average of $20.20.

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

Institutional Inflows and Outflows

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

Analyst Ratings Changes

HAWK has been the topic of a number of recent analyst reports. Zacks Research raised shares of HawkEye 360 to a “hold” rating in a report on Tuesday, June 2nd. Craig Hallum initiated coverage on HawkEye 360 in a research report on Monday, July 27th. They set a “buy” rating and a $25.00 target price on the stock. Berenberg Bank set a $24.00 price target on HawkEye 360 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Morgan Stanley started coverage on HawkEye 360 in a research report on Monday, June 1st. They set an “overweight” rating and a $41.00 price target on the stock. Finally, Weiss Ratings began coverage on HawkEye 360 in a research note on Friday, August 14th. They set a “sell (d)” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, HawkEye 360 currently has an average rating of “Moderate Buy” and an average price target of $34.20.

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.