AdvisorNet Financial Inc Has $117,000 Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

AdvisorNet Financial Inc cut its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 15.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,515 shares of the aerospace company’s stock after selling 455 shares during the period. AdvisorNet Financial Inc’s holdings in Kratos Defense & Security Solutions were worth $117,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KTOS. Costello Asset Management INC acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $29,000. Aspect Partners LLC increased its stake in Kratos Defense & Security Solutions by 1,900.0% in the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 950 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in Kratos Defense & Security Solutions in the first quarter worth about $30,000. Larson Financial Group LLC acquired a new position in Kratos Defense & Security Solutions in the first quarter worth about $30,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in 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 purchasing an additional 700 shares during the period. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock opened at $84.20 on Friday. The stock has a 50-day simple moving average of $66.36 and a 200 day simple moving average of $47.08. The stock has a market capitalization of $14.21 billion, a price-to-earnings ratio of 842.08 and a beta of 1.05. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions, Inc. has a 12-month low of $22.69 and a 12-month high of $85.48.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The firm had revenue of $351.50 million during the quarter, compared to analysts’ expectations of $305.67 million. During the same quarter last year, the company posted $0.14 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, July 18th. BTIG Research raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Thursday, August 14th. Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Finally, Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.64.

Insider Buying and Selling

In other news, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $68.70, for a total transaction of $274,800.00. Following the transaction, the insider owned 97,809 shares of the company’s stock, valued at $6,719,478.30. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $68.82, for a total transaction of $412,920.00. Following the sale, the insider owned 258,073 shares of the company’s stock, valued at approximately $17,760,583.86. This represents a 2.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 77,430 shares of company stock worth $4,745,162. 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.