Catalyst Funds Management Pty Ltd Sells 14,300 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Catalyst Funds Management Pty Ltd cut its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 78.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the aerospace company’s stock after selling 14,300 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Kratos Defense & Security Solutions were worth $304,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its holdings in Kratos Defense & Security Solutions by 7,600.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 380 shares in the last quarter. Rakuten Securities Inc. bought a new position in Kratos Defense & Security Solutions in the 2nd quarter worth $31,000. Caitlin John LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth $32,000. Accredited Wealth Management LLC raised its holdings in Kratos Defense & Security Solutions by 193.5% in 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. Finally, Whittier Trust Co. bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth $38,000. 75.92% of the stock is currently owned by institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,013 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $53.49, for a total transaction of $54,185.37. Following the sale, the senior vice president directly owned 65,996 shares of the company’s stock, valued at approximately $3,530,126.04. This represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradley L. Boyd sold 3,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $52.08, for a total transaction of $156,240.00. Following the sale, the director directly owned 16,480 shares in the company, valued at $858,278.40. This trade represents a 15.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 163,540 shares of company stock worth $12,490,285 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KTOS. Piper Sandler decreased their price objective on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, April 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Canaccord Genuity Group increased their price target on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Sunday, May 10th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.28.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $56.18 on Monday. The firm has a market cap of $10.53 billion, a PE ratio of 330.47 and a beta of 1.06. The stock has a 50-day moving average price of $69.02 and a 200-day moving average price of $81.75. Kratos Defense & Security Solutions, Inc. has a 1 year low of $34.97 and a 1 year high of $134.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08.

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

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.