ProShare Advisors LLC Sells 903 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

ProShare Advisors LLC cut its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,633 shares of the aerospace company’s stock after selling 903 shares during the quarter. ProShare Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $1,609,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. CWM LLC grew its holdings in Kratos Defense & Security Solutions by 3.8% during the 2nd quarter. CWM LLC now owns 4,722 shares of the aerospace company’s stock valued at $219,000 after buying an additional 171 shares in the last quarter. Red Mountain Financial LLC boosted its position in shares of Kratos Defense & Security Solutions by 1.9% in the second quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company’s stock valued at $488,000 after acquiring an additional 200 shares during the period. ORG Partners LLC boosted its position in shares of Kratos Defense & Security Solutions by 12.3% in the second quarter. ORG Partners LLC now owns 2,432 shares of the aerospace company’s stock valued at $105,000 after acquiring an additional 267 shares during the period. Robertson Stephens Wealth Management LLC grew its stake in Kratos Defense & Security Solutions by 0.7% during the second quarter. Robertson Stephens Wealth Management LLC now owns 38,965 shares of the aerospace company’s stock valued at $1,810,000 after acquiring an additional 275 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 11.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,769 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 289 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

KTOS has been the subject of several analyst reports. Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. BTIG Research upped their target price on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. Finally, Stifel Nicolaus lifted their price target on 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.36.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $72.45 on Friday. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 724.57 and a beta of 1.11. The business has a 50 day moving average of $84.61 and a 200 day moving average of $61.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88. Kratos Defense & Security Solutions, Inc. has a 1-year low of $23.90 and a 1-year high of $112.57.

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

Insider Buying and Selling

In related news, insider David M. Carter sold 4,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $73.64, for a total transaction of $294,560.00. Following the completion of the sale, the insider directly owned 89,809 shares in the company, valued at $6,613,534.76. This represents a 4.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $90.26, for a total value of $451,300.00. Following the completion of the transaction, the chief financial officer directly owned 303,114 shares in the company, valued at $27,359,069.64. This trade represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,716 shares of company stock worth $6,608,725 in the last 90 days. 2.37% of the stock is currently owned by company insiders.

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.