Oppenheimer & Co. Inc. Sells 28,594 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Oppenheimer & Co. Inc. trimmed its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 55.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,319 shares of the aerospace company's stock after selling 28,594 shares during the period. Oppenheimer & Co. Inc.'s holdings in Kratos Defense & Security Solutions were worth $692,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KTOS. MassMutual Private Wealth & Trust FSB raised 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 buying an additional 700 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after acquiring an additional 610 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth about $55,000. MRP Capital Investments LLC lifted its stake in shares of Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 500 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of Kratos Defense & Security Solutions by 653.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,660 shares of the aerospace company's stock valued at $70,000 after purchasing an additional 2,307 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 40,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $33.76, for a total value of $1,350,400.00. Following the completion of the sale, the insider directly owned 39,348 shares of the company's stock, valued at $1,328,388.48. This trade represents a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Deanna H. Lund sold 6,567 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $37.75, for a total value of $247,904.25. Following the transaction, the chief financial officer directly owned 318,766 shares in the company, valued at $12,033,416.50. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 145,572 shares of company stock valued at $5,191,986 in the last quarter. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded up $0.21 during mid-day trading on Wednesday, reaching $43.28. 4,807,659 shares of the company's stock were exchanged, compared to its average volume of 2,001,205. The business's fifty day simple moving average is $38.15 and its 200 day simple moving average is $32.82. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $47.09. The firm has a market capitalization of $6.64 billion, a PE ratio of 332.95 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. On average, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KTOS. Benchmark boosted their price target on Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Noble Financial boosted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Stifel Nicolaus assumed coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, June 24th. They issued a "buy" rating and a $52.00 price target for the company. Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Truist Financial boosted 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 research report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.55.

Kratos Defense & Security Solutions 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.