Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 14.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,129 shares of the aerospace company’s stock after selling 7,512 shares during the quarter. Arkadios Wealth Advisors’ holdings in Kratos Defense & Security Solutions were worth $4,032,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Rovida Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $82,315,000. Franklin Resources Inc. raised its stake in Kratos Defense & Security Solutions by 29.6% in the 2nd quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock worth $236,268,000 after acquiring an additional 1,162,577 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth about $37,475,000. ARK Investment Management LLC grew its stake in Kratos Defense & Security Solutions by 22.2% during the 2nd quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after purchasing an additional 818,104 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Kratos Defense & Security Solutions by 29.1% in the second quarter. First Trust Advisors LP now owns 2,370,085 shares of the aerospace company’s stock valued at $110,090,000 after purchasing an additional 533,912 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $128.68 on Wednesday. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 52 week low of $23.90 and a 52 week high of $134.00. The stock’s 50-day moving average price is $84.32 and its 200-day moving average price is $77.10. The stock has a market capitalization of $21.73 billion, a PE ratio of 989.92 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.Kratos Defense & Security Solutions’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Jones Trading initiated coverage on Kratos Defense & Security Solutions in a report on Monday, January 5th. They set a “buy” rating for the company. Citizens Jmp lifted their price objective on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. The Goldman Sachs Group increased their price objective on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday. Canaccord Genuity Group raised their target price on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, JMP Securities upped their price target on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Stacey G. Rock sold 16,568 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $116.74, for a total transaction of $1,934,148.32. Following the completion of the sale, the insider owned 26,487 shares of the company’s stock, valued at $3,092,092.38. The trade was a 38.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Phillip D. Carrai sold 6,500 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $123.30, for a total transaction of $801,450.00. Following the transaction, the insider owned 219,741 shares of the company’s stock, valued at approximately $27,094,065.30. This trade represents a 2.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 911,815 shares of company stock worth $74,226,491 in the last ninety days. Company insiders own 2.37% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.