Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Short Interest Update

by · The Cerbat Gem

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 2,930,000 shares, a decrease of 6.7% from the September 15th total of 3,140,000 shares. Based on an average daily volume of 989,100 shares, the short-interest ratio is presently 3.0 days.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, CEO Eric M. Demarco bought 12,396 shares of the stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the purchase, the chief executive officer now directly owns 1,058,264 shares in the company, valued at $21,366,350.16. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 12,396 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the transaction, the chief executive officer now directly owns 1,058,264 shares of the company’s stock, valued at $21,366,350.16. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric M. Demarco purchased 11,980 shares of the stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of $20.89 per share, for a total transaction of $250,262.20. Following the transaction, the chief executive officer now owns 1,070,244 shares of the company’s stock, valued at approximately $22,357,397.16. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 64,133 shares of company stock valued at $1,437,327. Company insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of KTOS. Contravisory Investment Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after buying an additional 444 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Kratos Defense & Security Solutions by 0.9% during the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock worth $1,113,000 after acquiring an additional 500 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 0.4% in the 1st quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock worth $3,503,000 after acquiring an additional 750 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 1.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock valued at $1,177,000 after purchasing an additional 982 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Kratos Defense & Security Solutions by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock valued at $4,603,000 after purchasing an additional 1,092 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KTOS shares. BTIG Research began coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating for the company. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Truist Financial reaffirmed a “buy” rating and set a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $25.00.

View Our Latest Report on Kratos Defense & Security Solutions

Kratos Defense & Security Solutions Trading Down 0.2 %

Shares of KTOS opened at $25.30 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. Kratos Defense & Security Solutions has a 1-year low of $16.36 and a 1-year high of $25.51. The company has a market capitalization of $3.82 billion, a P/E ratio of 361.43 and a beta of 1.02. The firm’s 50 day simple moving average is $22.55 and its 200 day simple moving average is $20.95.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The firm had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. During the same quarter last year, the company posted $0.05 EPS. The business’s quarterly revenue was up 16.8% on a year-over-year basis. Sell-side analysts forecast that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current fiscal year.

About Kratos Defense & Security Solutions

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Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.

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