Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC lessened its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 35.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 968,851 shares of the aerospace company’s stock after selling 541,567 shares during the period. Kratos Defense & Security Solutions comprises approximately 2.8% of Emerald Advisers LLC’s investment portfolio, making the stock its largest holding. Emerald Advisers LLC owned 0.57% of Kratos Defense & Security Solutions worth $88,524,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new stake in Kratos Defense & Security Solutions during the second quarter worth $30,000. Rakuten Securities Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the second quarter worth about $31,000. Bayforest Capital Ltd purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $32,000. NewEdge Advisors LLC grew its position in shares of Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 515 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Kratos Defense & Security Solutions by 129.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 503 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $120.59 on Thursday. The company has a fifty day simple moving average of $85.20 and a 200-day simple moving average of $77.40. The firm has a market capitalization of $20.36 billion, a price-to-earnings ratio of 927.69 and a beta of 1.09. 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.

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

Analyst Ratings Changes

KTOS has been the topic of several research analyst reports. Piper Sandler initiated coverage on Kratos Defense & Security Solutions in a report on Wednesday. They issued a “neutral” rating and a $99.00 price objective on the stock. Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report 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 company a “buy” rating in a report on Tuesday. Finally, B. Riley boosted their target price on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.06.

Insider Transactions at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,676 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $120.18, for a total transaction of $201,421.68. Following the transaction, the senior vice president owned 63,393 shares in the company, valued at approximately $7,618,570.74. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stacey G. Rock sold 16,568 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $116.74, for a total value of $1,934,148.32. Following the completion of the sale, the insider owned 26,487 shares of the company’s stock, valued at approximately $3,092,092.38. The trade was a 38.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 911,815 shares of company stock valued at $74,226,491. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Profile

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.