Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Future Fund LLC

Future Fund LLC cut its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 54.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,790 shares of the aerospace company’s stock after selling 23,231 shares during the quarter. Future Fund LLC’s holdings in Kratos Defense & Security Solutions were worth $919,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at about $370,000. AGF Management Ltd. purchased a new stake in Kratos Defense & Security Solutions in the second quarter valued at approximately $13,856,000. Mark Sheptoff Financial Planning LLC increased its position in Kratos Defense & Security Solutions by 18.4% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 28,600 shares of the aerospace company’s stock worth $1,328,000 after purchasing an additional 4,450 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in Kratos Defense & Security Solutions during the second quarter worth approximately $4,743,000. Finally, Black Swift Group LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $2,322,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 7.6%

NASDAQ:KTOS opened at $77.88 on Friday. The business’s 50-day moving average is $83.57 and its two-hundred day moving average is $60.18. The firm has a market capitalization of $13.15 billion, a PE ratio of 778.88 and a beta of 1.11. Kratos Defense & Security Solutions, Inc. has a 12 month low of $23.90 and a 12 month high of $112.57. 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 (NASDAQ:KTOS) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $347.60 million during the quarter, compared to analyst estimates of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on KTOS. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $72.00 to $105.00 in a report on Wednesday, October 8th. JMP Securities lifted their target price on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, October 2nd. Raymond James Financial restated a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, August 8th. Citigroup reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, October 2nd. Finally, Canaccord Genuity Group boosted their target price on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $82.36.

Insider Buying and Selling

In other news, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $73.64, for a total value of $294,560.00. Following the completion of the transaction, the insider directly owned 89,809 shares in the company, valued at approximately $6,613,534.76. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Deanna H. Lund sold 5,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $90.26, for a total transaction of $451,300.00. Following the sale, the chief financial officer directly owned 303,114 shares of the company’s stock, valued at approximately $27,359,069.64. The trade was a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,716 shares of company stock valued at $7,152,105 over the last three months. Company insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions 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.