Robertson Stephens Wealth Management LLC Buys 16,650 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Robertson Stephens Wealth Management LLC lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 121.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,371 shares of the aerospace company’s stock after acquiring an additional 16,650 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Kratos Defense & Security Solutions were worth $801,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 920 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares in the last quarter. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $39,000. Meeder Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $53,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Kratos Defense & Security Solutions during the 4th quarter valued at about $100,000. 75.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $25.00, for a total value of $87,500.00. Following the sale, the insider now directly owns 265,499 shares of the company’s stock, valued at $6,637,475. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $32.89, for a total value of $197,340.00. Following the completion of the sale, the chief financial officer now directly owns 292,873 shares in the company, valued at $9,632,592.97. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,428 shares of company stock valued at $2,824,956 over the last ninety days. Company insiders own 2.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KTOS shares. Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JMP Securities upped their target price on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday. Jefferies Financial Group upped their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.30.

Kratos Defense & Security Solutions Stock Down 0.2 %

Kratos Defense & Security Solutions stock opened at $32.46 on Friday. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 324.63 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66. The business’s 50-day moving average price is $29.62 and its 200 day moving average price is $25.50. 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 (NASDAQ:KTOS) last posted its earnings results on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $275.90 million for the quarter, compared to analyst estimates of $278.47 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. During the same period last year, the business earned $0.08 earnings per share. As a group, sell-side analysts anticipate 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.