12,205 Shares in Karman Holdings Inc. $KRMN Bought by Sapient Capital LLC

Key Points

• Sapient Capital LLC purchased 12,205 shares of Karman Holdings Inc. for approximately $615,000 during the second quarter, indicating institutional interest in the company.
• Karman shares are currently trading around $64.06, with a significant 52-week high of $66.29 and a low of $25.02.
• Despite a missed earnings estimate of $0.10 per share compared to the $0.11 consensus, Karman reported a 35.3% increase in quarterly revenue year-over-year.

Sapient Capital LLC bought a new position in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,205 shares of the company's stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. acquired a new stake in Karman in the 1st quarter worth about $61,024,000. Price T Rowe Associates Inc. MD acquired a new stake in Karman in the 1st quarter worth about $58,799,000. Invesco Ltd. acquired a new position in shares of Karman in the 1st quarter valued at approximately $50,220,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Karman in the 1st quarter valued at approximately $48,691,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Karman in the 1st quarter valued at approximately $37,182,000.

Analyst Ratings Changes

KRMN has been the subject of several analyst reports. Raymond James Financial initiated coverage on shares of Karman in a research report on Friday, September 5th. They issued a "strong-buy" rating and a $100.00 target price for the company. Royal Bank Of Canada boosted their target price on shares of Karman from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Citigroup reiterated a "buy" rating and set a $58.00 price objective (up from $46.50) on shares of Karman in a research report on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $60.60.

Insider Activity

In other news, insider Stephanie Sawhill sold 62,000 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $3,038,000.00. Following the sale, the insider directly owned 566,939 shares of the company's stock, valued at approximately $27,780,011. This represents a 9.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jonathan Beaudoin sold 80,000 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total transaction of $3,920,000.00. Following the completion of the sale, the chief operating officer directly owned 740,861 shares in the company, valued at approximately $36,302,189. This represents a 9.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,865,968 shares of company stock valued at $1,169,432,432.

Karman Trading Up 1.2%

KRMN traded up $0.81 during trading on Friday, reaching $66.26. 5,581,489 shares of the company's stock were exchanged, compared to its average volume of 1,248,767. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $66.62. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 1.30. The firm has a fifty day moving average price of $53.89 and a two-hundred day moving average price of $44.16.

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

About Karman

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.