16,823 Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP acquired a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,823 shares of the aerospace company’s stock, valued at approximately $309,000.

Several other hedge funds have also recently made changes to their positions in KTOS. TFO Wealth Partners LLC raised its holdings in shares of Kratos Defense & Security Solutions by 120,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 1,208 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,226 shares during the period. NBC Securities Inc. bought a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $33,000. Headlands Technologies LLC bought a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at $47,000. Finally, EntryPoint Capital LLC raised its holdings in Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock valued at $43,000 after acquiring an additional 1,506 shares during the period. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $22.54 on Thursday. The company has a market capitalization of $3.38 billion, a P/E ratio of 86.11 and a beta of 1.05. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $21.00 and a 200 day moving average of $19.34. Kratos Defense & Security Solutions, Inc. has a twelve month low of $13.98 and a twelve month high of $22.96.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The firm had revenue of $277.20 million during the quarter, compared to the consensus estimate of $250.48 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. increased their target price on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. JMP Securities began coverage on Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 target price on the stock. BTIG Research began coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Finally, Raymond James raised Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $20.00 to $27.00 in a research note on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.50.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $22.68, for a total value of $158,760.00. Following the sale, the insider now owns 377,322 shares in the company, valued at approximately $8,557,662.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $22.68, for a total transaction of $158,760.00. Following the sale, the insider now directly owns 377,322 shares in the company, valued at approximately $8,557,662.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonah Adelman sold 90,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $21.58, for a total transaction of $1,942,200.00. Following the sale, the insider now owns 44,348 shares in the company, valued at $957,029.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,220 shares of company stock worth $3,762,016. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.