Emerald Advisers LLC Sells 23,039 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Emerald Advisers LLC decreased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,741,251 shares of the aerospace company’s stock after selling 23,039 shares during the quarter. Kratos Defense & Security Solutions comprises about 1.6% of Emerald Advisers LLC’s portfolio, making the stock its 12th largest holding. Emerald Advisers LLC owned approximately 1.15% of Kratos Defense & Security Solutions worth $40,571,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in KTOS. Contravisory Investment Management Inc. increased its position in Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Kratos Defense & Security Solutions by 0.9% during the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock worth $1,113,000 after purchasing an additional 500 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 1.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock worth $1,177,000 after purchasing an additional 982 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Kratos Defense & Security Solutions by 0.5% in the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock valued at $4,603,000 after purchasing an additional 1,092 shares during the period. Institutional investors own 75.92% of the company’s stock.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now directly owns 63,393 shares of the company’s stock, valued at $1,272,297.51. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now directly owns 63,393 shares in the company, valued at approximately $1,272,297.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $137,760.00. Following the transaction, the chief financial officer now owns 273,881 shares of the company’s stock, valued at approximately $6,288,307.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,091 shares of company stock worth $1,739,101 in the last three months. Insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS traded up $0.15 during trading on Friday, reaching $22.87. The stock had a trading volume of 697,367 shares, compared to its average volume of 758,131. The business’s 50-day moving average price is $23.48 and its 200 day moving average price is $21.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.36 and a 52 week high of $25.91. The stock has a market capitalization of $3.45 billion, a PE ratio of 326.71 and a beta of 1.02.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. During the same period in the prior year, the business posted $0.05 earnings per share. Kratos Defense & Security Solutions’s revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KTOS shares. Truist Financial reiterated a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Robert W. Baird boosted their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the company from $24.00 to $26.00 in a report on Wednesday. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.10.

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.