Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC reduced its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,119,246 shares of the aerospace company's stock after selling 60,587 shares during the period. Fred Alger Management LLC owned about 0.75% of Kratos Defense & Security Solutions worth $22,396,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. TFO Wealth Partners LLC grew its stake in Kratos Defense & Security Solutions by 120,800.0% during the 4th 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 in the last quarter. MFA Wealth Advisors LLC purchased a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $30,000. PNC Financial Services Group Inc. increased its stake in Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company's stock valued at $36,000 after purchasing an additional 1,226 shares in the last quarter. NBC Securities Inc. purchased a new position in Kratos Defense & Security Solutions in the 1st quarter valued at approximately $33,000. Finally, EntryPoint Capital LLC increased its stake in Kratos Defense & Security Solutions by 179.1% in the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company's stock valued at $43,000 after purchasing an additional 1,506 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Truist Financial restated a "buy" rating and set a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday. BTIG Research began coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They issued a "neutral" rating on the stock. Royal Bank of Canada boosted their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Monday, June 3rd. Finally, Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a report on Monday. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $25.00.

Kratos Defense & Security Solutions Trading Up 0.7 %

Shares of NASDAQ KTOS traded up $0.16 during midday trading on Thursday, reaching $23.22. 542,741 shares of the stock were exchanged, compared to its average volume of 1,153,318. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 72.56 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 12 month low of $14.33 and a 12 month high of $24.08. The business has a 50-day simple moving average of $21.73 and a two-hundred day simple moving average of $20.25.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business had revenue of $300.10 million during the quarter, compared to analysts' expectations of $276.08 million. During the same period in the prior year, the company earned $0.05 EPS. The firm's quarterly revenue was up 16.8% compared to the same quarter last year. As a group, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Activity

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 12,396 shares of the stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of $20.19 per share, with a total value of $250,275.24. Following the completion of the transaction, the chief executive officer now directly owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Eric M. Demarco purchased 12,396 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $20.19 per share, with a total value of $250,275.24. Following the acquisition, the chief executive officer now directly owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $22.68, for a total transaction of $158,760.00. Following the sale, the insider now owns 377,322 shares in the company, valued at approximately $8,557,662.96. The disclosure for this sale can be found here. Insiders sold 69,210 shares of company stock worth $1,505,072 over the last three months. 2.27% of the stock is currently owned by insiders.

About Kratos Defense & Security Solutions

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.