Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 56.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,045 shares of the aerospace company’s stock after selling 37,038 shares during the period. Squarepoint Ops LLC’s holdings in Kratos Defense & Security Solutions were worth $581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KTOS. Arkadios Wealth Advisors increased its holdings in shares of Kratos Defense & Security Solutions by 0.9% during the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock valued at $1,113,000 after acquiring an additional 500 shares in the last quarter. Register Financial Advisors LLC increased its stake in Kratos Defense & Security Solutions by 0.4% during the 1st quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock valued at $3,503,000 after purchasing an additional 750 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Kratos Defense & Security Solutions by 1.6% in the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock worth $1,177,000 after buying an additional 982 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Kratos Defense & Security Solutions by 0.5% during the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after buying an additional 1,092 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 222.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,226 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Up 1.1 %

KTOS opened at $25.07 on Wednesday. The company has a fifty day moving average of $22.17 and a two-hundred day moving average of $20.71. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 77.34 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $15.63 and a fifty-two week high of $25.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13.

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

Wall Street Analyst Weigh In

KTOS has been the subject of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Truist Financial reaffirmed a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Robert W. Baird lifted their price objective on shares of 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. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $25.00.

Insider Transactions at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the sale, the senior vice president now owns 63,393 shares of the company’s stock, valued at approximately $1,272,297.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the sale, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Phillip D. Carrai sold 3,500 shares of the business’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 sale, the insider now directly owns 279,575 shares of the company’s stock, valued at $5,943,764.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,633 shares of company stock valued at $1,751,317 in the last three months. 2.27% of the stock is currently owned by company insiders.

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.