Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC lowered its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 66.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the aerospace company’s stock after selling 400,000 shares during the quarter. Ghisallo Capital Management LLC owned about 0.12% of Kratos Defense & Security Solutions worth $18,274,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Kratos Defense & Security Solutions by 22.6% during the 1st quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after purchasing an additional 35,098 shares in the last quarter. Amundi acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $791,000. NewEdge Advisors LLC raised its stake in Kratos Defense & Security Solutions by 64.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 515 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Kratos Defense & Security Solutions by 178.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 2,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Kratos Defense & Security Solutions by 11.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after purchasing an additional 41,265 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Thomas E. Iv Mills sold 5,758 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $91.26, for a total transaction of $525,475.08. Following the completion of the transaction, the insider directly owned 4,086 shares of the company’s stock, valued at $372,888.36. This represents a 58.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $91.28, for a total transaction of $456,400.00. Following the completion of the sale, the chief financial officer directly owned 270,058 shares in the company, valued at $24,650,894.24. This represents a 1.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 579,731 shares of company stock valued at $50,949,306. 2.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on KTOS. BNP Paribas Exane set a $80.00 target price on Kratos Defense & Security Solutions in a report on Tuesday, November 18th. Truist Financial set a $135.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, January 9th. Canaccord Genuity Group raised their target price on shares of Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. UBS Group assumed coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 18th. They set a “neutral” rating and a $79.00 target price for the company. Finally, KeyCorp lifted 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. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $98.28.

Kratos Defense & Security Solutions Stock Down 2.2%

KTOS stock opened at $87.53 on Friday. Kratos Defense & Security Solutions, Inc. has a one year low of $25.78 and a one year high of $134.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.46 and a current ratio of 4.06. The firm’s fifty day moving average is $100.19 and its 200 day moving average is $86.57. The firm has a market cap of $16.35 billion, a PE ratio of 673.36 and a beta of 1.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

About Kratos Defense & Security Solutions

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.