Seven Eight Capital LP Invests $469,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Seven Eight Capital LP acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the second quarter, according to its most recent filing with the SEC. The firm acquired 23,438 shares of the aerospace company’s stock, valued at approximately $469,000.

Several other institutional investors also recently bought and sold shares of KTOS. TFO Wealth Partners LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 1,208 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $30,000. PNC Financial Services Group Inc. increased its position in Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,226 shares during the period. NBC Securities Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $33,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 179.1% in the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock valued at $43,000 after buying an additional 1,506 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $20.00, for a total transaction of $120,000.00. Following the sale, the chief financial officer now directly owns 298,016 shares of the company’s stock, valued at approximately $5,960,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $20.00, for a total transaction of $120,000.00. Following the transaction, the chief financial officer now owns 298,016 shares of the company’s stock, valued at $5,960,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric M. Demarco bought 12,396 shares of the stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $20.19 per share, with a total value of $250,275.24. Following the completion of the purchase, the chief executive officer now directly owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. The disclosure for this purchase can be found here. In the last quarter, insiders sold 69,210 shares of company stock valued at $1,505,072. 2.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KTOS shares. Royal Bank of Canada upped their price objective on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. 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. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a “neutral” rating on the stock. JMP Securities started coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.50.

Kratos Defense & Security Solutions Trading Up 0.5 %

Shares of KTOS opened at $22.91 on Monday. 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, Inc. has a 1-year low of $13.98 and a 1-year high of $24.08. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 70.09 and a beta of 1.02. The firm has a 50 day simple moving average of $21.64 and a 200-day simple moving average of $20.16.

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

About Kratos Defense & Security Solutions

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.