Robertson Stephens Wealth Management LLC Purchases 8,319 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Robertson Stephens Wealth Management LLC lifted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 27.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,690 shares of the aerospace company’s stock after purchasing an additional 8,319 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Kratos Defense & Security Solutions were worth $1,149,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Kratos Defense & Security Solutions by 202.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock valued at $31,000 after buying an additional 700 shares during the period. Jones Financial Companies Lllp increased its stake in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 610 shares during the period. Capital Advisors Ltd. LLC bought a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at about $53,000. SBI Securities Co. Ltd. acquired a new position in Kratos Defense & Security Solutions in the fourth quarter worth about $55,000. Finally, MRP Capital Investments LLC lifted its stake in Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 500 shares during the period. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Trading Up 4.9%

KTOS opened at $43.23 on Wednesday. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $6.63 billion, a PE ratio of 332.56 and a beta of 0.99. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $43.87. The firm has a 50-day moving average price of $35.86 and a two-hundred day moving average price of $31.64.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released 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 1.68% and a return on equity of 3.85%. The business had revenue of $302.60 million for the quarter, compared to analysts’ expectations of $292.25 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Kratos Defense & Security Solutions’s 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 fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $37.75, for a total transaction of $151,000.00. Following the completion of the sale, the insider now owns 101,691 shares in the company, valued at $3,838,835.25. The trade was a 3.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonah Adelman sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $33.76, for a total transaction of $1,350,400.00. Following the completion of the transaction, the insider now directly owns 39,348 shares in the company, valued at approximately $1,328,388.48. The trade was a 50.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,153 shares of company stock worth $4,897,153 over the last 90 days. 2.37% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Truist Financial upped their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Wall Street Zen cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Benchmark increased their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Royal Bank Of Canada increased their target price on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.78.

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.