MYDA Advisors LLC Acquires Shares of 20,000 Karman Holdings Inc. $KRMN

Key Points

• MYDA Advisors LLC has made a new investment in Karman Holdings Inc., acquiring 20,000 shares valued at approximately $668,000 in the first quarter.
• Insider trading activity includes significant sales by COO Jonathan Beaudoin and insider Stephanie Sawhill, both selling shares at an average price of $49.00, leading to notable decreases in their ownership.
• Karman Holdings reported earnings per share of $0.10 for the last quarter, missing analysts' expectations, despite experiencing a 35.3% increase in quarterly revenue compared to the previous year.

MYDA Advisors LLC purchased a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,000 shares of the company's stock, valued at approximately $668,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in Karman during the first quarter valued at approximately $22,515,000. Caas Capital Management LP bought a new stake in shares of Karman in the first quarter worth $3,192,000. Stephens Investment Management Group LLC bought a new stake in shares of Karman in the first quarter worth $8,740,000. SBI Securities Co. Ltd. bought a new stake in Karman during the first quarter valued at $107,000. Finally, TimesSquare Capital Management LLC bought a new stake in Karman during the first quarter valued at $14,891,000.

Insider Buying and Selling at Karman

In related news, COO Jonathan Beaudoin sold 80,000 shares of Karman stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $3,920,000.00. Following the transaction, the chief operating officer owned 740,861 shares in the company, valued at $36,302,189. This trade represents a 9.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of Karman stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $1,157,574,432.00. Following the completion of the transaction, the insider owned 50,450,859 shares in the company, valued at approximately $2,472,092,091. The trade was a 31.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,865,968 shares of company stock worth $1,169,432,432 in the last 90 days.

Karman Stock Down 3.7%

NYSE:KRMN traded down $2.07 during trading hours on Friday, hitting $53.38. The stock had a trading volume of 917,327 shares, compared to its average volume of 1,285,790. The business's 50 day moving average price is $50.12. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.75 and a quick ratio of 2.58. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $57.31.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business's quarterly revenue was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

Analyst Ratings Changes

A number of brokerages have commented on KRMN. Citigroup reaffirmed a "buy" rating and set a $58.00 price target (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th. Royal Bank Of Canada upped their target price on shares of Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Robert W. Baird increased their price objective on shares of Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $50.75.

Karman Profile

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives.