HawkEye 360 (NYSE:HAWK) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of HawkEye 360 (NYSE:HAWK) from a hold rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other analysts have also recently weighed in on the company. The Goldman Sachs Group assumed coverage on HawkEye 360 in a report on Monday, June 1st. They set a “buy” rating and a $42.00 price target for the company. Berenberg Bank set a $24.00 price objective on HawkEye 360 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Weiss Ratings began coverage on HawkEye 360 in a research report on Friday, August 14th. They set a “sell (d)” rating on the stock. Royal Bank Of Canada reduced their target price on shares of HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Finally, Bank of America upgraded shares of HawkEye 360 from a “neutral” rating to a “buy” rating and decreased their price target for the company from $34.00 to $23.00 in a research note on Thursday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.20.

HawkEye 360 Trading Up 0.2%

Shares of HAWK opened at $16.30 on Friday. HawkEye 360 has a 52 week low of $15.71 and a 52 week high of $35.73. The firm has a 50-day moving average of $20.00.

HawkEye 360 (NYSE:HAWK) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. The company had revenue of $49.81 million for the quarter. Equities analysts expect that HawkEye 360 will post -0.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Arthur L. Money sold 50,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $16.41, for a total transaction of $820,500.00. Following the sale, the director directly owned 54,545 shares of the company’s stock, valued at approximately $895,083.45. This represents a 47.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Craig Chih-Meng Searle sold 9,228 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was 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 in the company, valued at $3,408,324.12. The trade was a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 85,734 shares of company stock worth $1,401,694 in the last 90 days.

Institutional Investors Weigh In On HawkEye 360

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

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.