MYDA Advisors LLC Has $594,000 Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• MYDA Advisors LLC significantly reduced its holdings in Kratos Defense & Security Solutions, Inc. by 80%, now owning 20,000 shares valued at approximately $594,000.
• Kratos reported $0.11 earnings per share for the last quarter, surpassing estimates, with a revenue of $351.5 million, indicating a 17.1% year-over-year growth.
• Several analysts have raised their price targets for Kratos shares, including Royal Bank of Canada increasing it from $50 to $65 and B. Riley raising it to $72.00, while maintaining a consensus rating of "Moderate Buy."

MYDA Advisors LLC lessened its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 80.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,000 shares of the aerospace company's stock after selling 80,000 shares during the period. MYDA Advisors LLC's holdings in Kratos Defense & Security Solutions were worth $594,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at approximately $594,000. New York State Teachers Retirement System bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at approximately $1,407,000. Oregon Public Employees Retirement Fund bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at approximately $1,039,000. Bank of New York Mellon Corp increased its stake in Kratos Defense & Security Solutions by 2.0% in the first 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 in the last quarter. Finally, D.A. Davidson & CO. bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at approximately $1,300,000. Institutional investors own 75.92% of the company's stock.

Wall Street Analyst Weigh In

KTOS has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Kratos Defense & Security Solutions in a research note on Friday, July 18th. Benchmark upped their target price on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Raymond James Financial restated a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. BTIG Research upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $80.00 price objective on the stock in a report on Thursday, August 14th. Finally, The Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price objective on the stock in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and a consensus price target of $57.64.

Kratos Defense & Security Solutions Stock Down 3.9%

Kratos Defense & Security Solutions stock traded down $2.67 during mid-day trading on Friday, reaching $65.84. The company's stock had a trading volume of 2,393,116 shares, compared to its average volume of 3,845,653. The company 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. The business's 50 day simple moving average is $56.66 and its 200 day simple moving average is $41.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The business had revenue of $351.50 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $58.53, for a total value of $409,710.00. Following the completion of the transaction, the insider owned 353,451 shares of the company's stock, valued at approximately $20,687,487.03. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $42.16, for a total transaction of $252,960.00. Following the completion of the transaction, the insider directly owned 276,085 shares of the company's stock, valued at approximately $11,639,743.60. This trade represents a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,986 shares of company stock worth $3,792,398 in the last three months. 2.37% of the stock is currently owned by company insiders.

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.