HawkEye 360 (NYSE:HAWK) Shares Gap Up Following Analyst Upgrade

HawkEye 360, Inc. (NYSE:HAWK – Get Free Report) shares gapped up before the market opened on Friday after Piper Sandler raised their price target on the stock from $22.00 to $24.00. The stock had previously closed at $14.67, but opened at $16.65. Piper Sandler currently has an overweight rating on the stock. HawkEye 360 shares last traded at $16.58, with a volume of 828,024 shares.

A number of other analysts have also recently issued reports on HAWK. Berenberg Bank initiated coverage on HawkEye 360 in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $24.00 target price for the company. Craig Hallum began coverage on HawkEye 360 in a research note on Monday, July 27th. They set a “buy” rating and a $25.00 price target on the stock. Royal Bank Of Canada cut their price target on HawkEye 360 from $28.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th. Jefferies Financial Group reduced their price objective on HawkEye 360 from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Finally, Bank of America raised 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. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, HawkEye 360 has an average rating of “Moderate Buy” and a consensus target price of $32.18.

Read Our Latest Analysis on HawkEye 360

Insider Buying and Selling at HawkEye 360

In other news, CFO Craig Chih-Meng Searle sold 9,228 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $16.29, for a total value of $150,324.12. Following the completion of the sale, the chief financial officer directly owned 209,228 shares of the company’s stock, valued at approximately $3,408,324.12. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Serafini sold 92,329 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 554,972 shares of the company’s stock, valued at $8,202,486.16. This trade represents a 14.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 178,063 shares of company stock valued at $2,766,317. Company insiders own 3.80% of the company’s stock.

Latest HawkEye 360 News

Here’s some of the latest news about HAWK:

Institutional Trading of HawkEye 360

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAWK. Alyeska Investment Group L.P. acquired a new stake in HawkEye 360 during the 2nd quarter worth approximately $5,358,000. Tidal Investments LLC purchased a new position in shares of HawkEye 360 in the 2nd quarter valued at approximately $5,260,000. State Street Corp increased its holdings in shares of HawkEye 360 by 304.9% in the third quarter. State Street Corp now owns 331,981 shares of the company’s stock valued at $5,013,000 after purchasing an additional 249,981 shares during the period. HBK Investments L P acquired a new position in shares of HawkEye 360 in the second quarter valued at approximately $1,011,000. Finally, Readystate Asset Management LP purchased a new stake in shares of HawkEye 360 during the second quarter worth approximately $455,000.

HawkEye 360 Stock Performance

The firm has a 50 day moving average of $14.61. The company has a market cap of $1.67 billion and a price-to-earnings ratio of -32.87.

HawkEye 360 (NYSE:HAWK – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The firm had revenue of $49.81 million during the quarter. Equities research analysts anticipate that HawkEye 360, Inc. will post -0.67 EPS for the current year.

About HawkEye 360

(Get Free Report)

HawkEye 360 is a geospatial intelligence company that uses a constellation of small satellites to detect, locate and characterize radio-frequency (RF) signals around the world. Its data can help customers understand activity such as communications, radar use and other electronic emissions, including in areas where ground-based monitoring is limited. The company combines satellite-collected RF data with analytics and software tools to deliver intelligence products and services. Its customers include government and defense organizations, as well as commercial users with needs related to maritime awareness, security and other forms of activity monitoring.

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