HawkEye 360 (NYSE:HAWK) Reaches New 1-Year Low After Insider Selling

HawkEye 360, Inc. (NYSE:HAWK) shares hit a new 52-week low on Monday after an insider sold shares in the company. The company traded as low as $14.51 and last traded at $14.93, with a volume of 545 shares changing hands. The stock had previously closed at $14.81.

Specifically, CEO John Serafini sold 92,329 shares of HawkEye 360 stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $14.78, for a total transaction of $1,364,622.62. Following the completion of the transaction, the chief executive officer directly owned 554,972 shares in the company, valued at approximately $8,202,486.16. This trade represents a 14.26% 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 transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several research firms have recently issued reports on HAWK. Wall Street Zen lowered shares of HawkEye 360 from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Bank of America upgraded HawkEye 360 from a “neutral” rating to a “buy” rating and cut their price target for the company from $34.00 to $23.00 in a research note on Thursday, September 17th. Royal Bank Of Canada lowered their price target on HawkEye 360 from $33.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. Jefferies Financial Group dropped their price objective on HawkEye 360 from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Finally, Weiss Ratings initiated coverage on HawkEye 360 in a research report on Friday, August 14th. They issued a “sell (d)” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.70.

HawkEye 360 Stock Down 0.1%

The firm has a fifty day simple moving average of $19.15.

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

Institutional Investors Weigh In On HawkEye 360

Several hedge funds and other institutional investors have recently made changes to their positions in HAWK. Squarepoint Ops LLC acquired a new position in HawkEye 360 in the second quarter valued at approximately $434,000. Readystate Asset Management LP purchased a new stake in shares of HawkEye 360 during the 2nd quarter worth approximately $455,000. HBK Investments L P purchased a new stake in shares of HawkEye 360 during the 2nd quarter worth approximately $1,011,000. State Street Corp purchased a new position in shares of HawkEye 360 in the 2nd quarter valued at $1,658,000. Finally, Tidal Investments LLC purchased a new position in shares of HawkEye 360 in the 2nd quarter valued at $5,260,000.

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.