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

Arkadios Wealth Advisors lowered its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 14.5% during the third quarter, HoldingsChannel reports. The firm owned 44,129 shares of the aerospace company’s stock after selling 7,512 shares during the period. Arkadios Wealth Advisors’ holdings in Kratos Defense & Security Solutions were worth $4,032,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Amalgamated Bank lifted its holdings in Kratos Defense & Security Solutions by 57.7% in the third quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock valued at $6,732,000 after acquiring an additional 26,946 shares during the last quarter. State of Alaska Department of Revenue raised its position in Kratos Defense & Security Solutions by 15.8% in the second quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company’s stock valued at $4,552,000 after purchasing an additional 13,345 shares during the period. ARK Investment Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 22.2% in 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. Trivium Point Advisory LLC grew its holdings in shares of Kratos Defense & Security Solutions by 25.0% during the 2nd quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company’s stock worth $1,041,000 after purchasing an additional 4,483 shares during the period. Finally, Alpha Wealth Funds LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth about $227,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

KTOS has been the topic of a number of recent analyst reports. BNP Paribas Exane began coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. They issued a “neutral” rating and a $80.00 target price on the stock. Truist Financial set a $135.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, January 9th. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday. BNP Paribas set a $80.00 price target on Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Finally, KeyCorp started coverage on Kratos Defense & Security Solutions in a research report on Thursday, December 18th. They set an “overweight” rating and a $90.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $128.68 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $23.90 and a 52 week high of $134.00. The firm has a 50 day moving average of $84.32 and a two-hundred day moving average of $77.10. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. 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 released its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The firm had revenue of $347.60 million during the quarter, compared to analyst estimates of $323.01 million. During the same period last year, the business posted $0.11 earnings per share. Kratos Defense & Security Solutions’s revenue was up 26.0% compared to the same quarter last year. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Stacey G. Rock sold 16,568 shares of Kratos Defense & Security Solutions stock in a transaction that occurred 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 transaction, the insider owned 26,487 shares in the company, valued at $3,092,092.38. The trade was a 38.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $74.08, for a total transaction of $2,222,400.00. Following the transaction, the chief financial officer owned 273,285 shares of the company’s stock, valued at $20,244,952.80. This trade represents a 9.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 911,815 shares of company stock worth $74,226,491. Corporate insiders own 2.37% of the company’s stock.

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.