Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Bought by Vident Advisory LLC

Vident Advisory LLC lifted its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 40.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,818 shares of the aerospace company's stock after buying an additional 28,961 shares during the period. Vident Advisory LLC owned about 0.07% of Kratos Defense & Security Solutions worth $2,633,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its holdings in Kratos Defense & Security Solutions by 239.5% during the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company's stock worth $6,363,000 after acquiring an additional 192,667 shares during the period. SG Americas Securities LLC grew its holdings in Kratos Defense & Security Solutions by 40.1% during the 4th quarter. SG Americas Securities LLC now owns 11,172 shares of the aerospace company's stock worth $295,000 after acquiring an additional 3,195 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $3,186,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Kratos Defense & Security Solutions by 52.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,406 shares of the aerospace company's stock worth $301,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its position in shares of Kratos Defense & Security Solutions by 4.1% during the 4th quarter. Toth Financial Advisory Corp now owns 30,300 shares of the aerospace company's stock worth $799,000 after purchasing an additional 1,200 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Royal Bank of Canada boosted their price target on shares of 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.75.

Kratos Defense & Security Solutions Trading Up 5.7%

Shares of KTOS stock traded up $2.06 during trading hours on Tuesday, reaching $38.07. 1,564,202 shares of the stock were exchanged, compared to its average volume of 1,672,348. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $39.13. The company's 50-day moving average price is $32.92 and its 200-day moving average price is $30.18. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 380.56 and a beta of 1.03. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The business had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same quarter in the previous year, the business posted $0.11 EPS. The company's quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 9,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $26.35 per share, with a total value of $250,325.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. This trade represents a 0.76% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $191,574.46. Following the transaction, the insider now directly owns 15,332 shares of the company's stock, valued at approximately $507,642.52. This trade represents a 27.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,617 shares of company stock worth $4,658,171. 2.37% of the stock is currently owned by corporate insiders.

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.