Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock Position Raised by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC increased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 27.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,690 shares of the aerospace company's stock after acquiring an additional 8,319 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Kratos Defense & Security Solutions were worth $1,149,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its holdings 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 valued at $31,000 after purchasing an additional 700 shares during the last quarter. Jones Financial Companies Lllp grew its position in Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after buying an additional 610 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new position in Kratos Defense & Security Solutions in the fourth quarter worth $53,000. SBI Securities Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $55,000. Finally, MRP Capital Investments LLC increased its stake in shares of Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after buying an additional 500 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KTOS has been the topic of a number of research reports. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Benchmark raised their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada raised their price objective on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Truist Financial increased their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $38.78.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded down $1.07 during mid-day trading on Thursday, reaching $42.16. The company's stock had a trading volume of 3,116,397 shares, compared to its average volume of 1,788,727. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $36.27 and its two-hundred day moving average is $31.82. The stock has a market cap of $6.47 billion, a PE ratio of 324.33 and a beta of 0.99. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.91 and a fifty-two week high of $44.13.

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

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $29.45, for a total transaction of $206,150.00. Following the completion of the transaction, the insider now directly owns 404,133 shares of the company's stock, valued at approximately $11,901,716.85. This represents a 1.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 2,419 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $41.87, for a total value of $101,283.53. Following the sale, the senior vice president now owns 67,488 shares in the company, valued at approximately $2,825,722.56. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,572 shares of company stock valued at $5,251,396. Corporate insiders own 2.37% of the company's stock.

About Kratos Defense & Security Solutions

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.