Oval shaped moon colored object that darts in and out of the clouds above my house,

The object resembled the color of the moon.  It did not look like it lights on it. It flew back and forth, in and out of the clouds in a very rapid motion. At times, it seemed to stop and hover in a certain spot as if it were surveying a particular part of the sky. Then after a few seconds, it would zoom back and forth between the clouds again. This date was my first sighting. I am still seeing this unidentifiable object. I saw it again this morning in the same location. However, the time that I saw it this morning was much later than previous times. It was about 1 AM this morning. This is definitely not an airplane search light, flashlight, taser or anything of that nature. I fully well know the difference. I watch the skies often, and I've never seen anything like this before. I do find the experience quite exciting.