Vident Advisory LLC Purchases 140,332 Shares of Kratos Defense & Security Solutions, Inc. $KTOS
Vident Advisory LLC increased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 140.6% in Q1, acquiring 140,332 shares, bringing its total to 240,150 shares valued at $7.13 million. Other institutional investors also raised their stakes significantly. Kratos reported Q2 earnings of $0.11 EPS, exceeding estimates, with revenue of $351.5 million, a 17.1% increase year-over-year. The stock opened at $65.84, with a market cap of $11.11 billion. Insider trading activity included sales by Stacey G. Rock and Marie Mendoza.
Vident Advisory LLC raised its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 140.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 240,150 shares of the aerospace company's stock after purchasing an additional 140,332 shares during the quarter. Vident Advisory LLC owned 0.16% of Kratos Defense & Security Solutions worth $7,130,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds have also bought and sold shares of the company. Driehaus Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 120.0% during the 1st quarter. Driehaus Capital Management LLC now owns 1,354,312 shares of the aerospace company's stock valued at $40,210,000 after purchasing an additional 738,743 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of Kratos Defense & Security Solutions by 183.9% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 49,157 shares of the aerospace company's stock worth $1,459,000 after acquiring an additional 31,844 shares during the period. Eisler Capital Management Ltd. grew its stake in shares of Kratos Defense & Security Solutions by 98.8% in the first quarter. Eisler Capital Management Ltd. now owns 62,634 shares of the aerospace company's stock worth $1,861,000 after acquiring an additional 31,134 shares during the period. Truvestments Capital LLC grew its stake in shares of Kratos Defense & Security Solutions by 2,000.5% in the first quarter. Truvestments Capital LLC now owns 34,722 shares of the aerospace company's stock worth $1,031,000 after acquiring an additional 33,069 shares during the period. Finally, Corebridge Financial Inc. grew its stake in shares of Kratos Defense & Security Solutions by 5.2% in the first quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company's stock worth $2,299,000 after acquiring an additional 3,860 shares during the period. 75.92% of the stock is currently owned by institutional investors.
Kratos Defense & Security Solutions Stock Performance
Shares of NASDAQ KTOS opened at $65.84 on Friday. The firm has a 50 day moving average of $56.66 and a 200 day moving average of $41.14. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 658.47 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 12-month low of $20.83 and a 12-month high of $72.70.
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Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $351.50 million during the quarter, compared to analyst estimates of $305.67 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 17.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.
Insider Activity at Kratos Defense & Security Solutions
In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.51, for a total transaction of $222,040.00. Following the transaction, the insider owned 42,154 shares of the company's stock, valued at $2,339,968.54. The trade was a 8.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marie Mendoza sold 2,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $68.35, for a total transaction of $136,700.00. Following the transaction, the senior vice president directly owned 63,357 shares in the company, valued at $4,330,450.95. This represents a 3.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,986 shares of company stock valued at $3,792,398 in the last three months. Corporate insiders own 2.37% of the company's stock.
Analyst Ratings Changes
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KTOS has been the subject of a number of research analyst reports. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Raymond James Financial reiterated a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a research note on Friday, August 8th. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. JMP Securities set a $70.00 price target on shares of Kratos Defense & Security Solutions and gave the stock a "market outperform" rating in a research note on Tuesday, July 22nd. Finally, BTIG Research upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $80.00 price target for the company in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $57.64.
Read Our Latest Analysis on Kratos Defense & Security Solutions
Kratos Defense & Security Solutions Company Profile
(Free Report)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.
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