Kratos Defense & Security Solutions, Inc. $KTOS Holdings Cut by S Squared Technology LLC

S Squared Technology LLC reduced its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,475 shares of the aerospace company’s stock after selling 15,000 shares during the period. Kratos Defense & Security Solutions comprises approximately 5.4% of S Squared Technology LLC’s holdings, making the stock its 5th biggest position. S Squared Technology LLC owned 0.11% of Kratos Defense & Security Solutions worth $14,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KTOS. Atlantic Union Bankshares Corp grew its holdings in Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 380 shares in the last quarter. Rakuten Securities Inc. acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $31,000. Caitlin John LLC acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter worth $32,000. Murphy & Mullick Capital Management Corp grew its holdings in Kratos Defense & Security Solutions by 115.4% during the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 225 shares in the last quarter. Finally, Accredited Wealth Management LLC grew its holdings in Kratos Defense & Security Solutions by 193.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 269 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $57.75 on Monday. Kratos Defense & Security Solutions, Inc. has a one year low of $39.00 and a one year high of $134.00. The company has a 50-day simple moving average of $62.36 and a 200-day simple moving average of $80.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63. The firm has a market capitalization of $10.83 billion, a PE ratio of 339.71 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. During the same period in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 22.6% on a year-over-year basis. On average, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KTOS has been the subject of several recent analyst reports. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Citigroup reissued a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. UBS Group reissued a “neutral” rating and set a $82.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Jefferies Financial Group set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a report on Sunday, May 10th. Finally, BNP Paribas Exane raised their price objective on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.17.

Insiders Place Their Bets

In other news, Director William A. Hoglund sold 30,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $71.19, for a total value of $2,171,295.00. Following the completion of the transaction, the director directly owned 252,500 shares of the company’s stock, valued at approximately $17,975,475. The trade was a 10.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven S. Fendley sold 35,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $58.23, for a total transaction of $2,038,050.00. Following the completion of the transaction, the insider directly owned 309,087 shares of the company’s stock, valued at $17,998,136.01. This trade represents a 10.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 188,278 shares of company stock worth $11,966,663. Corporate insiders own 1.50% of the company’s stock.

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.