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

Mission Wealth Management LP decreased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 77.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,503 shares of the aerospace company’s stock after selling 15,502 shares during the period. Mission Wealth Management LP’s holdings in Kratos Defense & Security Solutions were worth $342,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Atlantic Union Bankshares Corp grew its holdings in Kratos Defense & Security Solutions by 7,600.0% in the fourth 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 during the last quarter. Rakuten Securities Inc. acquired a new stake in Kratos Defense & Security Solutions in the second quarter valued at $31,000. Caitlin John LLC acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at $32,000. Accredited Wealth Management LLC grew its holdings in Kratos Defense & Security Solutions by 193.5% in the third 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 during the last quarter. Finally, Whittier Trust Co. acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at $38,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KTOS. Royal Bank Of Canada decreased their price objective on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. KeyCorp increased their price objective on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Canaccord Genuity Group increased 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 raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, BTIG Research decreased their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.28.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock opened at $54.67 on Friday. The stock’s 50-day moving average is $69.67 and its 200-day moving average is $82.00. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 321.59 and a beta of 1.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. Kratos Defense & Security Solutions, Inc. has a 12 month low of $34.17 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The business 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 company’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. Equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $58.00, for a total transaction of $232,000.00. Following the sale, the insider directly owned 74,071 shares in the company, valued at approximately $4,296,118. This trade represents a 5.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 6,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $52.13, for a total value of $338,845.00. Following the sale, the insider owned 221,550 shares in the company, valued at approximately $11,549,401.50. The trade was a 2.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 170,540 shares of company stock worth $13,138,275. Insiders own 1.50% 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.