Assenagon Asset Management S.A. Sells 3,106 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Assenagon Asset Management S.A. has sold 3,106 shares of Kratos Defense & Security Solutions, reducing its stake by 17.5% to a total of 14,624 shares valued at approximately $679,000.
• Insider trading activity includes VP De Burgreen Maria Cervantes selling 6,264 shares and CFO Deanna H. Lund selling 5,000 shares, reflecting decreases in their respective positions.
• According to recent analyst reports, the average price target for Kratos Defense & Security Solutions stock is $61.00, with ratings ranging from "Strong Buy" to "Hold" by several equities analysts.

Assenagon Asset Management S.A. reduced its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 17.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,624 shares of the aerospace company's stock after selling 3,106 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Kratos Defense & Security Solutions were worth $679,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in Kratos Defense & Security Solutions in the 1st quarter worth about $594,000. Corebridge Financial Inc. increased its position in shares of Kratos Defense & Security Solutions by 5.2% during the 1st quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company's stock valued at $2,299,000 after purchasing an additional 3,860 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $1,407,000. Oregon Public Employees Retirement Fund bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $1,039,000. Finally, Bank of New York Mellon Corp increased its position in shares of Kratos Defense & Security Solutions by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company's stock valued at $36,277,000 after purchasing an additional 24,455 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP De Burgreen Maria Cervantes sold 6,264 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $69.80, for a total value of $437,227.20. Following the completion of the transaction, the vice president owned 53,609 shares in the company, valued at $3,741,908.20. This trade represents a 10.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $65.10, for a total value of $325,500.00. Following the completion of the transaction, the chief financial officer owned 313,327 shares of the company's stock, valued at approximately $20,397,587.70. The trade was a 1.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,430 shares of company stock worth $4,745,162 over the last quarter. Company insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Trading Up 2.5%

Shares of KTOS stock opened at $86.28 on Friday. The stock has a market capitalization of $14.56 billion, a PE ratio of 862.89 and a beta of 1.05. Kratos Defense & Security Solutions, Inc. has a 1-year low of $22.69 and a 1-year high of $86.84. The business has a 50-day moving average of $66.91 and a 200 day moving average of $47.59. 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 - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The business had revenue of $351.50 million during the quarter, compared to analysts' expectations of $305.67 million. During the same quarter last year, the business posted $0.14 EPS. The business's revenue was up 17.1% on a year-over-year basis. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BTIG Research upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $80.00 price objective on the stock in a research report on Thursday, August 14th. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the company an "outperform" rating in a research report on Friday. Citigroup reiterated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, July 22nd. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $61.00.

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.

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