Robertson Stephens Wealth Management LLC Grows Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Robertson Stephens Wealth Management LLC grew its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,690 shares of the aerospace company's stock after purchasing 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.

Several other hedge funds have also bought and sold shares of KTOS. Vontobel Holding Ltd. boosted its position in Kratos Defense & Security Solutions by 65.4% in the 4th quarter. Vontobel Holding Ltd. now owns 15,742 shares of the aerospace company's stock worth $415,000 after purchasing an additional 6,226 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of Kratos Defense & Security Solutions by 68.3% during the 4th quarter. Montag A & Associates Inc. now owns 11,999 shares of the aerospace company's stock valued at $317,000 after buying an additional 4,869 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at approximately $573,000. Truist Financial Corp lifted its position in shares of Kratos Defense & Security Solutions by 5.7% during the 4th quarter. Truist Financial Corp now owns 41,029 shares of the aerospace company's stock valued at $1,082,000 after buying an additional 2,215 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at approximately $233,000. Hedge funds and other institutional investors own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KTOS shares. Royal Bank Of Canada increased their target price on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Benchmark increased their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Noble Financial increased their target price on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Tuesday. Truist Financial increased their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. increased their target price on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. 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 company. Based on data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and an average target price of $38.78.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS traded up $0.95 during mid-day trading on Friday, hitting $43.11. The stock had a trading volume of 4,782,368 shares, compared to its average volume of 1,795,587. The firm's 50 day moving average is $36.47 and its 200 day moving average is $31.96. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $44.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 331.64 and a beta of 0.99.

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

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $29.45, for a total value of $206,150.00. Following the completion of the sale, the insider now directly owns 404,133 shares of the company's stock, valued at $11,901,716.85. This trade represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas E. Iv Mills sold 5,786 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $33.11, for a total value of $191,574.46. Following the completion of the sale, the insider now directly owns 15,332 shares of the company's stock, valued at $507,642.52. This trade represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,572 shares of company stock valued at $5,251,396 in the last three months. 2.37% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Company 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.