Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 50.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,000 shares of the aerospace company’s stock after selling 150,000 shares during the quarter. Ghisallo Capital Management LLC owned about 0.10% of Kratos Defense & Security Solutions worth $3,002,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Westwood Holdings Group Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $46,177,000. Vanguard Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after purchasing an additional 1,807,580 shares during the period. Hood River Capital Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 108.7% in the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after purchasing an additional 1,331,499 shares during the last quarter. Element Capital Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth about $11,198,000. Finally, Bamco Inc. NY raised its position in Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after buying an additional 511,538 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $24.82 on Wednesday. The stock has a market capitalization of $3.75 billion, a P/E ratio of 72.78 and a beta of 1.02. The business has a 50 day simple moving average of $21.86 and a two-hundred day simple moving average of $20.39. Kratos Defense & Security Solutions, Inc. has a 12 month low of $14.33 and a 12 month high of $25.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $300.10 million during the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share. As a group, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KTOS has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. JMP Securities restated a “market outperform” rating and issued a $27.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday. Finally, BTIG Research assumed coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now directly owns 63,393 shares in the company, valued at approximately $1,272,297.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $21.26, for a total transaction of $74,410.00. Following the completion of the sale, the insider now directly owns 279,575 shares of the company’s stock, valued at approximately $5,943,764.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. The disclosure for this sale can be found here. Insiders have sold a total of 63,210 shares of company stock worth $1,385,072 in the last ninety days. Insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.