Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. trimmed its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 71.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,620 shares of the aerospace company’s stock after selling 6,680 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Kratos Defense & Security Solutions were worth $239,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Amalgamated Bank grew its stake in shares of Kratos Defense & Security Solutions by 57.7% in the third quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock worth $6,732,000 after purchasing an additional 26,946 shares in the last quarter. Mission Wealth Management LP bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at about $1,828,000. Baillie Gifford & Co. bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at about $19,048,000. Victory Capital Management Inc. acquired a new stake in Kratos Defense & Security Solutions in the third quarter worth about $21,013,000. Finally, WCM Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions in the third quarter worth about $17,922,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $89.53 on Tuesday. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $100.19 and its 200 day moving average price is $86.98. Kratos Defense & Security Solutions, Inc. has a 52-week low of $25.78 and a 52-week high of $134.00. The firm has a market cap of $16.72 billion, a P/E ratio of 688.75 and a beta of 1.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $345.10 million during the quarter, compared to the consensus estimate of $327.51 million. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. Kratos Defense & Security Solutions’s revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. As a group, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on KTOS. Truist Financial set a $135.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, January 9th. Citizens Jmp upped their price target on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. JonesTrading initiated coverage on shares of Kratos Defense & Security Solutions in a report on Monday, January 5th. They issued a “buy” rating for the company. BNP Paribas Exane set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Finally, Piper Sandler initiated coverage on Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.28.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, Director Scot B. Jarvis sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $88.60, for a total transaction of $443,000.00. Following the completion of the sale, the director directly owned 85,417 shares in the company, valued at approximately $7,567,946.20. This trade represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $91.28, for a total transaction of $456,400.00. Following the completion of the transaction, the chief financial officer owned 270,058 shares in the company, valued at approximately $24,650,894.24. This trade represents a 1.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 550,763 shares of company stock valued at $48,771,342. Corporate 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.