HawkEye 360, Inc.’s (NYSE:HAWK) Quiet Period Set To Expire on June 16th

HawkEye 360’s (NYSE:HAWK) quiet period is set to expire on Tuesday, June 16th. HawkEye 360 had issued 16,000,000 shares in its public offering on May 7th. The total size of the offering was $416,000,000 based on an initial share price of $26.00. During HawkEye 360’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

HAWK has been the topic of several research reports. Royal Bank Of Canada initiated coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued an “outperform” rating and a $40.00 price objective on the stock. Morgan Stanley initiated coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued an “overweight” rating and a $41.00 price objective on the stock. UBS Group set a $42.00 price objective on shares of HawkEye 360 in a report on Monday, June 1st. Bank of America began coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued a “neutral” rating and a $34.00 price objective on the stock. Finally, Raymond James Financial began coverage on HawkEye 360 in a report on Monday, June 1st. They set a “strong-buy” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, HawkEye 360 has a consensus rating of “Moderate Buy” and an average target price of $39.25.

HawkEye 360 Price Performance

Shares of NYSE:HAWK opened at $26.26 on Tuesday. HawkEye 360 has a 12-month low of $24.43 and a 12-month high of $35.73. The company has a market cap of $2.44 billion, a PE ratio of -11.46 and a beta of 0.72.

Insider Activity at HawkEye 360

In other HawkEye 360 news, Director Francis Alphonse Finelli purchased 9,615 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $249,990.00. Following the completion of the purchase, the director owned 9,615 shares of the company’s stock, valued at approximately $249,990. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.80% of the company’s stock.

HawkEye 360 Company Profile

HawkEye 360 is a U.S.-based geospatial intelligence company that operates a commercial satellite constellation and analytics platform focused on radio frequency (RF) data. The company collects and geolocates RF emissions from space using clusters of small satellites, turning raw signal detections into actionable datasets and insights. Its technology is designed to reveal signal sources and patterns that are difficult or impossible to observe with conventional remote sensing systems.

HawkEye 360 offers subscription access to geospatial RF datasets, on-demand tasking, and analytic services delivered through cloud-based tools and APIs.