GAMMA Investing LLC Has $510,000 Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

GAMMA Investing LLC lifted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 4,072.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,191 shares of the aerospace company's stock after buying an additional 16,779 shares during the quarter. GAMMA Investing LLC's holdings in Kratos Defense & Security Solutions were worth $510,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KTOS. MassMutual Private Wealth & Trust FSB increased its position in shares of Kratos Defense & Security Solutions by 202.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after buying an additional 700 shares during the period. Jones Financial Companies Lllp grew its holdings in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after purchasing an additional 610 shares during the period. Capital Advisors Ltd. LLC acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $53,000. SBI Securities Co. Ltd. acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $55,000. Finally, MRP Capital Investments LLC grew its holdings in shares of Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock valued at $59,000 after buying an additional 500 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KTOS shares. Truist Financial lifted their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Royal Bank Of Canada raised their price target on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Noble Financial raised their price target on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Tuesday. Benchmark raised their price target on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.78.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $42.16 on Friday. The company has a 50 day moving average of $36.27 and a 200 day moving average of $31.82. The stock has a market cap of $6.47 billion, a P/E ratio of 324.33 and a beta of 0.99. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $44.13. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $302.60 million during the quarter, compared to analysts' expectations of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. Kratos Defense & Security Solutions's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 2,419 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $41.87, for a total value of $101,283.53. Following the completion of the transaction, the senior vice president now owns 67,488 shares of the company's stock, valued at $2,825,722.56. The trade was a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $42.16, for a total transaction of $252,960.00. Following the completion of the transaction, the insider now directly owns 276,085 shares of the company's stock, valued at approximately $11,639,743.60. This represents a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,572 shares of company stock valued at $5,251,396 in the last quarter. Corporate insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Company 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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