Sapient Capital LLC Sells 262,550 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Sapient Capital LLC lowered its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 94.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,866 shares of the aerospace company’s stock after selling 262,550 shares during the quarter. Sapient Capital LLC’s holdings in Kratos Defense & Security Solutions were worth $841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Harbor Investment Advisory LLC bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $25,000. Atlantic Union Bankshares Corp grew its position in shares of Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 380 shares in the last quarter. Vision Retirement LLC raised its stake in shares of Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 317 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at $31,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 2.7%

NASDAQ KTOS opened at $62.42 on Tuesday. The company has a quick ratio of 4.99, a current ratio of 5.54 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $52.25 and its two-hundred day simple moving average is $69.68. Kratos Defense & Security Solutions, Inc. has a twelve month low of $43.09 and a twelve month high of $134.00. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 367.18 and a beta of 1.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $458.80 million during the quarter, compared to analysts’ expectations of $410.36 million. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%.The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on KTOS. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 28th. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $99.00 to $82.00 in a research report on Friday, June 12th. BTIG Research increased their price target on shares of Kratos Defense & Security Solutions from $100.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Piper Sandler raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and set a $75.00 price target on the stock in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald cut their price objective on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.29.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $47.13, for a total value of $329,910.00. Following the completion of the sale, the insider owned 295,120 shares of the company’s stock, valued at $13,909,005.60. This represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $57.93, for a total transaction of $86,895.00. Following the transaction, the senior vice president owned 64,447 shares in the company, valued at $3,733,414.71. The trade was a 2.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 144,036 shares of company stock worth $8,034,017 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Company 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.