469,083 Shares in Kratos Defense & Security Solutions, Inc. $KTOS Purchased by Sapient Capital LLC

Sapient Capital LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 469,083 shares of the aerospace company’s stock, valued at approximately $41,401,000.

Several other institutional investors also recently made changes to their positions in KTOS. TD Waterhouse Canada Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $30,000. Rakuten Securities Inc. bought a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $31,000. Twin Tree Management LP bought a new position in Kratos Defense & Security Solutions during the 1st quarter worth $37,000. NewEdge Advisors LLC increased its position in Kratos Defense & Security Solutions by 64.4% in the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after buying an additional 515 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Kratos Defense & Security Solutions by 129.0% in the second quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company’s stock worth $41,000 after buying an additional 503 shares during the period. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Down 2.8%

Shares of KTOS stock opened at $77.70 on Friday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $23.90 and a 1 year high of $112.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. The business’s fifty day moving average is $78.48 and its 200-day moving average is $69.72. The stock has a market cap of $13.12 billion, a PE ratio of 597.74 and a beta of 1.14.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JMP Securities boosted their price target on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, October 2nd. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the company from $72.00 to $105.00 in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group boosted their price objective on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

Insider Activity at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $74.08, for a total value of $2,222,400.00. Following the sale, the chief financial officer directly owned 273,285 shares in the company, valued at $20,244,952.80. The trade was a 9.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric M. Demarco sold 200,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $74.09, for a total transaction of $14,818,000.00. Following the sale, the chief executive officer directly owned 1,196,237 shares of the company’s stock, valued at approximately $88,629,199.33. This represents a 14.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 672,711 shares of company stock worth $51,836,005. Company insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions 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.