SG Americas Securities LLC Sells 4,936 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

SG Americas Securities LLC lessened its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 38.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,977 shares of the aerospace company’s stock after selling 4,936 shares during the period. SG Americas Securities LLC’s holdings in Kratos Defense & Security Solutions were worth $186,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MFA Wealth Advisors LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $30,000. PNC Financial Services Group Inc. raised its holdings in Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,226 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $36,000. EntryPoint Capital LLC grew its holdings 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 worth $43,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at about $61,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $24.96, for a total transaction of $33,820.80. Following the completion of the transaction, the senior vice president now directly owns 58,085 shares of the company’s stock, valued at approximately $1,449,801.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $24.96, for a total transaction of $33,820.80. Following the completion of the transaction, the senior vice president now owns 58,085 shares in the company, valued at $1,449,801.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $22.54, for a total value of $135,240.00. Following the completion of the sale, the chief financial officer now owns 291,898 shares in the company, valued at $6,579,380.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,091 shares of company stock worth $1,635,431. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Down 1.2 %

Shares of Kratos Defense & Security Solutions stock opened at $24.01 on Thursday. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 343.00 and a beta of 1.02. The company’s 50 day moving average is $23.15 and its 200 day moving average is $21.22. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.36 and a twelve month high of $25.91. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 EPS. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Truist Financial reissued a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Finally, Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Kratos Defense & Security Solutions Profile

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.