Envestnet Asset Management Inc. Grows Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Envestnet Asset Management Inc. lifted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 17.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 241,133 shares of the aerospace company's stock after purchasing an additional 35,433 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Kratos Defense & Security Solutions worth $6,361,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings 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 valued at $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management lifted its position in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after buying an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at approximately $53,000. SBI Securities Co. Ltd. purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter worth approximately $55,000. Finally, MRP Capital Investments LLC raised its stake in Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after acquiring an additional 500 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price objective on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, StockNews.com lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.33.

Insider Buying and Selling

In other news, insider Thomas E. Iv Mills sold 8,637 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value of $234,408.18. Following the transaction, the insider now directly owns 12,215 shares in the company, valued at approximately $331,515.10. This represents a 41.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $32.88, for a total transaction of $131,520.00. Following the sale, the insider now owns 106,906 shares of the company's stock, valued at $3,515,069.28. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 87,168 shares of company stock valued at $2,525,600. Insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Trading Down 1.1 %

NASDAQ KTOS traded down $0.37 during trading on Friday, hitting $32.92. The stock had a trading volume of 366,158 shares, compared to its average volume of 1,618,841. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 329.14 and a beta of 1.01. The stock has a 50 day simple moving average of $29.81 and a 200 day simple moving average of $28.51. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

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.