HawkEye 360 (NYSE:HAWK) CEO Sells $1,364,622.62 in Stock

HawkEye 360, Inc. (NYSE:HAWK) CEO John Sheldon Serafini sold 92,329 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $14.78, for a total value of $1,364,622.62. Following the sale, the chief executive officer directly owned 554,972 shares of the company’s stock, valued at $8,202,486.16. This represents a 14.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HawkEye 360 Trading Up 0.4%

Shares of HAWK opened at $14.87 on Monday. HawkEye 360, Inc. has a 52-week low of $14.51 and a 52-week high of $35.73. The firm has a 50 day simple moving average of $19.38.

HawkEye 360 (NYSE:HAWK) last released its quarterly earnings data 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 during the quarter. Equities analysts predict that HawkEye 360, Inc. will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. State Street Corp purchased a new position in shares of HawkEye 360 during the second quarter valued at approximately $1,658,000. HBK Investments L P bought a new position in HawkEye 360 during the 2nd quarter valued at $1,011,000. Tidal Investments LLC purchased a new position in HawkEye 360 during the 2nd quarter worth $5,260,000. Squarepoint Ops LLC bought a new stake in shares of HawkEye 360 in the 2nd quarter worth $434,000. Finally, Readystate Asset Management LP purchased a new stake in shares of HawkEye 360 in the second quarter valued at about $455,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HAWK. Royal Bank Of Canada dropped their price objective on shares of HawkEye 360 from $33.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Craig Hallum assumed coverage on HawkEye 360 in a research report on Monday, July 27th. They issued a “buy” rating and a $25.00 target price for the company. Jefferies Financial Group cut their price target on HawkEye 360 from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Bank of America upgraded HawkEye 360 from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $34.00 to $23.00 in a report on Thursday, September 17th. Finally, Weiss Ratings initiated coverage on HawkEye 360 in a research report on Friday, August 14th. They set a “sell (d)” rating 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.70.

HawkEye 360 Company Profile

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.