S Squared Technology LLC trimmed its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,475 shares of the aerospace company’s stock after selling 15,000 shares during the period. Kratos Defense & Security Solutions accounts for approximately 5.4% of S Squared Technology LLC’s holdings, making the stock its 5th biggest position. S Squared Technology LLC’s holdings in Kratos Defense & Security Solutions were worth $14,003,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KTOS. Royal Bank of Canada boosted its stake in Kratos Defense & Security Solutions by 22.6% during the 1st quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after purchasing an additional 35,098 shares during the period. Amundi acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $791,000. NewEdge Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 515 shares during the period. Jones Financial Companies Lllp boosted its stake in Kratos Defense & Security Solutions by 178.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 2,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Kratos Defense & Security Solutions by 11.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after purchasing an additional 41,265 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.
Kratos Defense & Security Solutions Price Performance
KTOS stock opened at $57.75 on Monday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $39.00 and a 52 week high of $134.00. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 339.71 and a beta of 1.04. The firm’s 50-day moving average is $62.36 and its two-hundred day moving average is $80.17. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04.
Insiders Place Their Bets
In related news, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $59.16, for a total value of $236,640.00. Following the sale, the insider directly owned 70,092 shares in the company, valued at $4,146,642.72. The trade was a 5.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $65.47, for a total transaction of $261,880.00. Following the completion of the sale, the insider owned 13,896 shares in the company, valued at $909,771.12. The trade was a 22.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 188,278 shares of company stock worth $11,966,663. Company insiders own 1.50% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on KTOS shares. UBS Group reissued a “neutral” rating and set a $82.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $99.00 to $82.00 in a research report on Friday. Citizens Jmp dropped their price target on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research report on Friday, May 8th. Finally, BTIG Research dropped their price target on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average price target of $98.17.
Read Our Latest Research Report on KTOS
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.
Read More
- Five stocks we like better than Kratos Defense & Security Solutions
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding KTOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report).
Receive News & Ratings for Kratos Defense & Security Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
