Northside Capital Management LLC Sells 37,832 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Northside Capital Management LLC has reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 50%, selling 37,832 shares in the third quarter. The firm now holds 37,830 shares valued at approximately $1,000. Other investors, including Contravisory Investment Management and PNC Financial Services, have also adjusted their positions in the company. Insider trading activity includes SVP Marie Mendoza selling shares and CEO Eric M. Demarco purchasing shares. Analysts have given mixed ratings, with several setting price targets for the stock.

Northside Capital Management LLC decreased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 50.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,830 shares of the aerospace company's stock after selling 37,832 shares during the period. Northside Capital Management LLC's holdings in Kratos Defense & Security Solutions were worth $881,000 at the end of the most recent reporting period.

AST SpaceMobile Stock: Riding the Hype—Will It Keep Surging?

Several other large investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company's stock valued at $25,000 after buying an additional 444 shares in the last quarter. MFA Wealth Advisors LLC bought a new position in Kratos Defense & Security Solutions in the second quarter worth approximately $30,000. NBC Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth $33,000. PNC Financial Services Group Inc. raised its stake in Kratos Defense & Security Solutions by 222.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company's stock valued at $36,000 after buying an additional 1,226 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Kratos Defense & Security Solutions in the second quarter worth about $36,000. 75.92% of the stock is owned by institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $20.07, for a total transaction of $27,194.85. Following the sale, the senior vice president now owns 63,393 shares in the company, valued at approximately $1,272,297.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Marie Mendoza sold 1,355 shares of the company's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the sale, the senior vice president now directly owns 63,393 shares of the company's stock, valued at approximately $1,272,297.51. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric M. Demarco purchased 12,396 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the acquisition, the chief executive officer now owns 1,058,264 shares of the company's stock, valued at approximately $21,366,350.16. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 72,091 shares of company stock valued at $1,635,431 over the last 90 days. 2.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

3 Drone Stocks That Can Lift Your Portfolio Higher

KTOS has been the subject of a number of recent analyst reports. BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a "neutral" rating for the company. JMP Securities reaffirmed a "market outperform" rating and set a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Truist Financial reiterated a "buy" rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Benchmark reissued a "buy" rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, Robert W. Baird boosted their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.00.

Get Our Latest Research Report on Kratos Defense & Security Solutions

Kratos Defense & Security Solutions Trading Down 1.5 %

Drones Can Lift AeroVironment Shares To New Heights

KTOS stock traded down $0.37 during midday trading on Friday, reaching $24.85. 576,878 shares of the company's stock traded hands, compared to its average volume of 1,140,634. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.36 and a fifty-two week high of $25.91. The company has a market capitalization of $3.75 billion, a P/E ratio of 355.00 and a beta of 1.02. The business has a 50-day moving average price of $22.88 and a two-hundred day moving average price of $21.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The company had revenue of $300.10 million during the quarter, compared to analysts' expectations of $276.08 million. During the same period in the prior year, the company posted $0.05 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Kratos Defense & Security Solutions Profile

(Free Report)

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.

Should you invest $1,000 in Kratos Defense & Security Solutions right now?

Before you consider Kratos Defense & Security Solutions, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kratos Defense & Security Solutions wasn't on the list.

While Kratos Defense & Security Solutions currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here