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

HawkEye 360, Inc. (NYSE:HAWK) CFO Craig Chih-Meng Searle sold 9,228 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $16.29, for a total value of $150,324.12. Following the sale, the chief financial officer owned 209,228 shares of the company’s stock, valued at $3,408,324.12. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

HawkEye 360 Trading Up 6.2%

HawkEye 360 stock opened at $17.17 on Friday. HawkEye 360, Inc. has a 12 month low of $15.71 and a 12 month high of $35.73. The stock has a 50-day moving average price of $20.14.

HawkEye 360 (NYSE:HAWK) last issued its 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 for the quarter. On average, equities analysts forecast that HawkEye 360, Inc. will post -0.01 earnings per share for the current fiscal 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”, saying the company’s underlying business remains strong despite the broader sector selloff and that its valuation is attractive. BofA set a $23 price target, implying meaningful upside, although the target was reduced from $34, signaling a more cautious valuation outlook. BofA Securities upgrade
• Positive Sentiment: HawkEye 360 established a European base in Luxembourg to support customers, allies and industry partners. The move could improve access to European defense, intelligence and sovereign-security contracts and expand demand for its satellite-based radio-frequency intelligence products. Luxembourg expansion
• Neutral Sentiment: Recent quarterly results showed a loss of $0.07 per share, better than the expected $0.13 loss, with revenue of $49.81 million. Analysts currently expect a near-breakeven loss of $0.01 per share for the full fiscal year.
• Negative Sentiment: Multiple insiders sold shares, including CFO Craig Searle and Michael Turner. The transactions were tied to tax withholding on vested equity awards, and Turner’s sales were conducted under a pre-arranged Rule 10b5-1 plan, which reduces their negative significance but does not eliminate the overhang. Insider sales

Institutional Investors Weigh In On HawkEye 360

A number of large investors have recently added to or reduced their stakes in HAWK. Squarepoint Ops LLC acquired a new position in HawkEye 360 in the 2nd quarter worth $434,000. Readystate Asset Management LP acquired a new stake in shares of HawkEye 360 during the second quarter valued at about $455,000. HBK Investments L P purchased a new stake in shares of HawkEye 360 during the second quarter worth about $1,011,000. Tidal Investments LLC acquired a new stake in HawkEye 360 during the 2nd quarter valued at approximately $5,260,000. Finally, Alyeska Investment Group L.P. acquired a new stake in HawkEye 360 during the 2nd quarter valued at approximately $5,358,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HAWK shares. Wall Street Zen raised shares of HawkEye 360 from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Bank of America raised shares of HawkEye 360 from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $34.00 to $23.00 in a research report on Thursday. Raymond James Financial began coverage on HawkEye 360 in a research report on Monday, June 1st. They issued a “strong-buy” rating and a $40.00 price objective on the stock. Robert W. Baird started coverage on HawkEye 360 in a research report on Monday, June 1st. They issued an “outperform” rating and a $41.00 target price for the company. Finally, Craig Hallum assumed coverage on HawkEye 360 in a research note on Monday, July 27th. They issued a “buy” rating and a $25.00 target price for the company. Two 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

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.