Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Portolan Capital Management LLC

Portolan Capital Management LLC lowered its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 55.1% during the third quarter, Holdings Channel.com reports. The firm owned 596,106 shares of the aerospace company’s stock after selling 732,317 shares during the period. Kratos Defense & Security Solutions makes up 2.9% of Portolan Capital Management LLC’s holdings, making the stock its 6th biggest holding. Portolan Capital Management LLC’s holdings in Kratos Defense & Security Solutions were worth $54,466,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KTOS. NewEdge Advisors LLC grew its stake in shares of Kratos Defense & Security Solutions by 15.2% in the second quarter. NewEdge Advisors LLC now owns 1,515 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 200 shares in the last quarter. USA Financial Formulas boosted its holdings in Kratos Defense & Security Solutions by 15.7% in the third quarter. USA Financial Formulas now owns 1,660 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 225 shares during the period. MRP Capital Investments LLC boosted its holdings in Kratos Defense & Security Solutions by 11.1% in the second quarter. MRP Capital Investments LLC now owns 2,500 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 250 shares during the period. CI Investments Inc. grew its stake in Kratos Defense & Security Solutions by 142.7% during the 3rd quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 254 shares in the last quarter. Finally, 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 worth $37,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $87.53 on Friday. The business has a 50 day moving average price of $100.19 and a 200 day moving average price of $86.57. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 673.36 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $25.78 and a fifty-two week high of $134.00. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05.

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

Insiders Place Their Bets

In related news, CEO Eric M. Demarco sold 200,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $80.53, for a total value of $16,106,000.00. Following the completion of the sale, the chief executive officer directly owned 796,237 shares of the company’s stock, valued at $64,120,965.61. The trade was a 20.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott I. Anderson sold 15,401 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $74.51, for a total transaction of $1,147,528.51. Following the completion of the sale, the director directly owned 66,334 shares of the company’s stock, valued at approximately $4,942,546.34. This trade represents a 18.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 579,731 shares of company stock worth $50,949,306. 2.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KTOS shares. B. Riley Financial increased their price target on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, January 9th. BTIG Research upped their target price on shares of Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Citizens Jmp lifted 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 research report on Monday, January 5th. They issued a “buy” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $98.28.

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.