Ghisallo Capital Management LLC Lowers Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Ghisallo Capital Management LLC lowered its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 50.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,000 shares of the aerospace company’s stock after selling 150,000 shares during the period. Ghisallo Capital Management LLC’s holdings in Kratos Defense & Security Solutions were worth $3,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC raised its stake in shares of Kratos Defense & Security Solutions by 120,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 1,208 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter worth approximately $30,000. NBC Securities Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth about $33,000. PNC Financial Services Group Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $36,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 6.5 %

Shares of NASDAQ KTOS opened at $24.82 on Wednesday. The business has a 50 day simple moving average of $21.86 and a 200 day simple moving average of $20.39. Kratos Defense & Security Solutions, Inc. has a 52 week low of $14.33 and a 52 week high of $25.13. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 72.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $300.10 million for the quarter, compared to the consensus estimate of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of recent analyst reports. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating for the company. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday. Robert W. Baird increased their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Finally, Truist Financial reiterated a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average price target of $25.00.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $21.26, for a total value of $74,410.00. Following the sale, the insider now directly owns 279,575 shares in the company, valued at approximately $5,943,764.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the sale, the senior vice president now owns 63,393 shares in the company, valued at approximately $1,272,297.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $21.26, for a total transaction of $74,410.00. Following the sale, the insider now directly owns 279,575 shares in the company, valued at $5,943,764.50. The disclosure for this sale can be found here. Insiders have sold a total of 63,210 shares of company stock valued at $1,385,072 in the last three months. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.