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

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KTOS. Contravisory Investment Management Inc. increased its stake in 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 during the last quarter. Wealth Quarterback LLC increased its stake in Kratos Defense & Security Solutions by 3.9% in the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 528 shares during the last quarter. ORG Partners LLC increased its stake in Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after acquiring an additional 621 shares during the last quarter. Farther Finance Advisors LLC increased its stake in 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 during the last quarter. Finally, KBC Group NV increased its stake in Kratos Defense & Security Solutions by 23.7% in the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after acquiring an additional 976 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KTOS. JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday. Truist Financial boosted 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. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.30.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $32.46 on Friday. The business has a fifty day moving average of $29.62 and a 200 day moving average of $25.50. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.78 and a 52-week high of $35.66. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.90 billion, a P/E ratio of 324.63 and a beta of 1.10.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The business had revenue of $275.90 million for the quarter, compared to analysts’ expectations of $278.47 million. During the same quarter in the previous year, the firm earned $0.08 EPS. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.96, for a total value of $41,940.00. Following the completion of the sale, the senior vice president now directly owns 55,631 shares in the company, valued at approximately $1,555,442.76. This represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the sale, the senior vice president now owns 37,327 shares of the company’s stock, valued at $1,034,331.17. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,428 shares of company stock worth $2,824,956. 2.27% of the stock is currently owned by company 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.