Black Swift Group LLC Makes New Investment in Kratos Defense & Security Solutions, Inc. $KTOS

Black Swift Group LLC purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 2nd quarter, Holdings Channel reports. The firm purchased 50,000 shares of the aerospace company’s stock, valued at approximately $2,322,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter worth $29,000. Larson Financial Group LLC acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter worth $30,000. Twin Tree Management LP acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter worth $37,000. Banque Cantonale Vaudoise acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter worth $38,000. Finally, NewEdge Advisors LLC grew its position in Kratos Defense & Security Solutions by 64.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 515 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $68.82, for a total transaction of $412,920.00. Following the completion of the transaction, the insider directly owned 258,073 shares of the company’s stock, valued at $17,760,583.86. This trade represents a 2.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $88.88, for a total transaction of $622,160.00. Following the transaction, the insider directly owned 339,419 shares of the company’s stock, valued at $30,167,560.72. This represents a 2.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,716 shares of company stock worth $6,857,545 over the last ninety days. Corporate insiders own 2.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KTOS. Citigroup reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, October 2nd. Raymond James Financial reiterated a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their target price on shares of Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Robert W. Baird lifted their target price on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.36.

Kratos Defense & Security Solutions Trading Down 14.2%

Shares of KTOS stock opened at $77.41 on Thursday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.81 and a 12-month high of $112.57. The company has a market capitalization of $13.07 billion, a P/E ratio of 774.18 and a beta of 1.11. The firm has a 50-day moving average price of $83.25 and a 200 day moving average price of $59.58. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The firm had revenue of $347.60 million during the quarter, compared to the consensus estimate of $323.01 million. During the same period last year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.