Cantor Fitzgerald L. P. Has $239,000 Stock Position in Kratos Defense & Security Solutions, Inc. $KTOS

Cantor Fitzgerald L. P. lowered its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 71.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bayforest Capital Ltd purchased a new stake in Kratos Defense & Security Solutions during the third quarter valued at about $32,000. Caitlin John LLC acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter worth about $32,000. Whittier Trust Co. purchased a new position in shares of Kratos Defense & Security Solutions in the third quarter worth approximately $38,000. Accredited Wealth Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 193.5% during the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 269 shares during the period. Finally, CI Investments Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 142.7% during the third quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 254 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

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

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

Insider Activity at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco sold 200,000 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $80.53, for a total transaction 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 approximately $64,120,965.61. This represents a 20.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $76.57, for a total transaction of $535,990.00. Following the completion of the transaction, the insider owned 318,435 shares in the company, valued at $24,382,567.95. The trade was a 2.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 550,763 shares of company stock valued at $48,771,342. 2.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on shares of Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, January 22nd. JonesTrading began coverage on Kratos Defense & Security Solutions in a report on Monday, January 5th. They issued a “buy” rating for the company. Citizens Jmp raised their target price on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Finally, KeyCorp lifted their price target on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.28.

Kratos Defense & Security Solutions Company 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.