Washington Harbour Partners LP Buys New Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Washington Harbour Partners LP bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 94,663 shares of the aerospace company's stock, valued at approximately $2,497,000. Kratos Defense & Security Solutions makes up 4.6% of Washington Harbour Partners LP's holdings, making the stock its 11th biggest holding. Washington Harbour Partners LP owned 0.06% of Kratos Defense & Security Solutions at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KTOS. Rovida Investment Management Ltd acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $46,789,000. Raymond James Financial Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $28,944,000. Lord Abbett & CO. LLC raised its stake in shares of Kratos Defense & Security Solutions by 140.5% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company's stock valued at $42,201,000 after acquiring an additional 934,455 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 435.3% in the 4th quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company's stock worth $24,893,000 after acquiring an additional 767,345 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock worth $388,301,000 after acquiring an additional 701,216 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $33.91, for a total value of $135,640.00. Following the transaction, the insider now owns 53,812 shares of the company's stock, valued at approximately $1,824,764.92. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric M. Demarco acquired 9,500 shares of the stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $26.35 per share, with a total value of $250,325.00. Following the transaction, the chief executive officer now directly owns 1,267,482 shares of the company's stock, valued at $33,398,150.70. This represents a 0.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 128,817 shares of company stock worth $4,007,207. Corporate insiders own 2.37% of the company's stock.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of research analyst reports. StockNews.com cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Saturday, May 10th. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Royal Bank of Canada increased 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 note on Thursday, May 8th. Truist Financial boosted their price objective 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. Finally, Benchmark increased their price objective 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $36.75.

Kratos Defense & Security Solutions Stock Down 0.2%

NASDAQ:KTOS opened at $35.13 on Tuesday. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $36.85. The stock's fifty day simple moving average is $32.49 and its 200-day simple moving average is $29.78. The firm has a market capitalization of $5.39 billion, a P/E ratio of 351.34 and a beta of 1.03.

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. The firm 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 3.68% and a net margin of 1.31%. The company's revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 earnings per share. Equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

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.

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