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

Ghisallo Capital Management LLC reduced its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 66.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,000 shares of the aerospace company’s stock after selling 400,000 shares during the quarter. Ghisallo Capital Management LLC’s holdings in Kratos Defense & Security Solutions were worth $18,274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KTOS. Amalgamated Bank raised its holdings in Kratos Defense & Security Solutions by 57.7% in the 3rd quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock valued at $6,732,000 after acquiring an additional 26,946 shares during the last quarter. Mission Wealth Management LP purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $1,828,000. Baillie Gifford & Co. acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $19,048,000. Victory Capital Management Inc. purchased a new position in Kratos Defense & Security Solutions during the third quarter worth approximately $21,013,000. Finally, WCM Investment Management LLC acquired a new position in Kratos Defense & Security Solutions during the third quarter worth $17,922,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $87.53 on Friday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $25.78 and a fifty-two week 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 company has a 50 day moving average price of $100.19 and a 200 day moving average price of $86.57. The stock has a market capitalization of $16.35 billion, a P/E ratio of 673.36 and a beta of 1.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The company had revenue of $345.10 million for the quarter, compared to analysts’ expectations of $327.51 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. Equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on KTOS shares. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, January 20th. KeyCorp boosted their target price on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Citizens Jmp raised their price target on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Piper Sandler assumed coverage on Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 price objective on the stock. Finally, BTIG Research raised their target price on Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.28.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 8,123 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $105.40, for a total transaction of $856,164.20. Following the sale, the insider directly owned 81,816 shares in the company, valued at $8,623,406.40. This represents a 9.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stacey G. Rock sold 16,568 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $116.74, for a total transaction of $1,934,148.32. Following the completion of the transaction, the insider directly owned 26,487 shares of the company’s stock, valued at approximately $3,092,092.38. The trade was a 38.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 579,731 shares of company stock worth $50,949,306 over the last 90 days. 2.37% of the stock is owned by insiders.

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.