Sapient Capital LLC Reduces Stock Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Sapient Capital LLC cut its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 39.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 279,416 shares of the aerospace company’s stock after selling 182,272 shares during the period. Sapient Capital LLC’s holdings in Kratos Defense & Security Solutions were worth $19,695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Western Wealth Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $119,000. Pacer Advisors Inc. lifted its position in shares of Kratos Defense & Security Solutions by 26.9% during the first quarter. Pacer Advisors Inc. now owns 38,490 shares of the aerospace company’s stock worth $2,714,000 after purchasing an additional 8,163 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 143.3% in the first quarter. Parallel Advisors LLC now owns 1,280 shares of the aerospace company’s stock valued at $90,000 after purchasing an additional 754 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 35.3% in the first quarter. NewEdge Advisors LLC now owns 10,243 shares of the aerospace company’s stock valued at $722,000 after purchasing an additional 2,671 shares during the period. Finally, BankChampaign National Association acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $276,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Jonah Adelman sold 31,348 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total value of $1,788,716.88. Following the completion of the sale, the insider directly owned 8,000 shares of the company’s stock, valued at $456,480. The trade was a 79.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stacey G. Rock sold 4,675 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $50.00, for a total value of $233,750.00. Following the sale, the insider owned 9,600 shares in the company, valued at $480,000. The trade was a 32.75% decrease in their position. 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 ninety days, insiders have sold 139,036 shares of company stock valued at $7,799,667. Corporate insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $46.60 on Monday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $43.09 and a 12-month 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. The stock has a market capitalization of $8.74 billion, a PE ratio of 274.12 and a beta of 1.08. The firm’s fifty day moving average price is $52.77 and its 200 day moving average price is $72.63.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the business earned $0.12 EPS. As a group, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KTOS has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of 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. Canaccord Genuity Group raised their target price 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. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, July 17th. Finally, BTIG Research reduced their price target on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $101.29.

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.