Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP lessened its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 77.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,503 shares of the aerospace company’s stock after selling 15,502 shares during the quarter. Mission Wealth Management LP’s holdings in Kratos Defense & Security Solutions were worth $342,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KTOS. Atlantic Union Bankshares Corp grew its stake in Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 380 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $31,000. Caitlin John LLC acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $32,000. Accredited Wealth Management LLC grew its stake in Kratos Defense & Security Solutions by 193.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 269 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 2.1%

Shares of Kratos Defense & Security Solutions stock opened at $54.67 on Friday. The business’s fifty day moving average price is $69.67 and its two-hundred day moving average price is $82.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The company has a market capitalization of $10.25 billion, a P/E ratio of 321.59 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a 1-year low of $34.17 and a 1-year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. As a group, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KTOS. Piper Sandler lowered their price objective on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Canaccord Genuity Group raised their price objective on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. BNP Paribas Exane raised their price objective on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, KeyCorp lifted their target price on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $96.28.

Insider Activity

In other Kratos Defense & Security Solutions news, Director Bradley L. Boyd sold 3,000 shares of Kratos Defense & Security Solutions stock in a transaction on Friday, May 15th. The stock was sold at an average price of $52.08, for a total transaction of $156,240.00. Following the sale, the director owned 16,480 shares of the company’s stock, valued at $858,278.40. The trade was a 15.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $58.00, for a total value of $232,000.00. Following the sale, the insider directly owned 74,071 shares in the company, valued at $4,296,118. The trade was a 5.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 170,540 shares of company stock worth $13,138,275 over the last ninety days. 1.50% of the stock is currently owned by company insiders.

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.