Penserra Capital Management LLC Purchases New Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Penserra Capital Management LLC purchased a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,453 shares of the aerospace company's stock, valued at approximately $369,000.

Several other hedge funds have also recently bought and sold shares of KTOS. Salem Investment Counselors Inc. raised its stake in shares of Kratos Defense & Security Solutions by 5.6% during the first quarter. Salem Investment Counselors Inc. now owns 8,975 shares of the aerospace company's stock valued at $266,000 after purchasing an additional 475 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Kratos Defense & Security Solutions by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock valued at $408,000 after purchasing an additional 490 shares during the period. MRP Capital Investments LLC raised its stake in shares of Kratos Defense & Security Solutions by 28.6% during the fourth 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. Moran Wealth Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 3.0% during the first quarter. Moran Wealth Management LLC now owns 17,441 shares of the aerospace company's stock valued at $518,000 after purchasing an additional 506 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Kratos Defense & Security Solutions by 1.4% during the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock valued at $1,156,000 after purchasing an additional 586 shares during the period. Hedge funds and other institutional investors own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Truist Financial raised their price target 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. Noble Financial raised their price target on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Benchmark raised their price target on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, June 30th. Finally, Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $46.25.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Jonah Adelman sold 40,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were 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 owned 39,348 shares of the company's stock, valued at $1,328,388.48. This represents a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Deanna H. Lund sold 6,567 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $37.75, for a total transaction of $247,904.25. Following the completion of the sale, the chief financial officer directly owned 318,766 shares of the company's stock, valued at $12,033,416.50. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,572 shares of company stock valued at $5,373,706. Company insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock opened at $51.71 on Friday. The company has a market cap of $7.93 billion, a PE ratio of 397.80 and a beta of 1.06. The company has a fifty day moving average price of $39.81 and a two-hundred day moving average price of $33.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $52.57.

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

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.

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