Mane Global Capital Management LP Buys Shares of 12,000 Kratos Defense & Security Solutions, Inc. $KTOS

Mane Global Capital Management LP bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,000 shares of the aerospace company’s stock, valued at approximately $557,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock worth $488,332,000 after acquiring an additional 1,728,179 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Kratos Defense & Security Solutions by 29.6% in the 2nd quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock worth $236,268,000 after purchasing an additional 1,162,577 shares in the last quarter. ARK Investment Management LLC raised its holdings in Kratos Defense & Security Solutions by 22.2% in the 2nd quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock worth $209,382,000 after purchasing an additional 818,104 shares during the period. Geode Capital Management LLC raised its holdings in Kratos Defense & Security Solutions by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,949,763 shares of the aerospace company’s stock worth $183,490,000 after purchasing an additional 301,135 shares during the period. Finally, Invesco Ltd. lifted its position in Kratos Defense & Security Solutions by 18.1% during the second quarter. Invesco Ltd. now owns 2,837,005 shares of the aerospace company’s stock valued at $131,779,000 after purchasing an additional 434,561 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 30,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $74.80, for a total transaction of $2,244,000.00. Following the completion of the transaction, the insider owned 9,348 shares of the company’s stock, valued at $699,230.40. This represents a 76.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy Zegart sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $74.17, for a total value of $741,700.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 452,866 shares of company stock valued at $34,163,948 in the last ninety days. Corporate insiders own 2.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KTOS shares. Citigroup reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, October 2nd. Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. JMP Securities raised their target price on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 2nd. Canaccord Genuity Group lifted their price target on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Truist Financial increased their price objective on shares of Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.06.

Kratos Defense & Security Solutions Stock Down 0.2%

Shares of KTOS opened at $76.91 on Thursday. The business’s 50 day moving average is $83.05 and its 200 day moving average is $66.52. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $112.57. The company has a market capitalization of $12.99 billion, a PE ratio of 591.66 and a beta of 1.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $347.60 million during the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.