Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 64,027 shares of the aerospace company’s stock after buying an additional 982 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $1,177,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in Kratos Defense & Security Solutions by 332.4% during the 1st quarter. Van ECK Associates Corp now owns 368,492 shares of the aerospace company’s stock valued at $6,773,000 after buying an additional 283,262 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 8.6% during the first quarter. Peregrine Capital Management LLC now owns 382,344 shares of the aerospace company’s stock worth $7,027,000 after purchasing an additional 30,273 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $2,610,000. Assenagon Asset Management S.A. boosted its holdings in shares of Kratos Defense & Security Solutions by 44.6% during the first quarter. Assenagon Asset Management S.A. now owns 116,026 shares of the aerospace company’s stock worth $2,133,000 after purchasing an additional 35,790 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Kratos Defense & Security Solutions by 45.9% during the first quarter. Raymond James & Associates now owns 274,512 shares of the aerospace company’s stock worth $5,046,000 after purchasing an additional 86,407 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

KTOS has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price objective on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Royal Bank of Canada lifted their target price on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, June 28th. Raymond James upgraded Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $20.00 to $27.00 in a report on Friday, April 26th. Finally, JMP Securities assumed coverage on Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Kratos Defense & Security Solutions Stock Up 0.7 %

Shares of NASDAQ:KTOS traded up $0.14 during mid-day trading on Friday, hitting $20.62. 567,997 shares of the company traded hands, compared to its average volume of 1,070,560. Kratos Defense & Security Solutions, Inc. has a 52-week low of $13.13 and a 52-week high of $22.77. The firm’s 50 day simple moving average is $20.30 and its 200 day simple moving average is $19.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.47 and a current ratio of 3.02. The firm has a market cap of $3.10 billion, a P/E ratio of 78.77 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The firm had revenue of $277.20 million during the quarter, compared to analyst estimates of $250.48 million. During the same quarter last year, the firm earned $0.01 EPS. Kratos Defense & Security Solutions’s quarterly revenue was up 19.6% on a year-over-year basis. On average, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.3 EPS for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $18.18, for a total transaction of $27,270.00. Following the completion of the sale, the senior vice president now owns 67,030 shares in the company, valued at approximately $1,218,605.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $18.76, for a total value of $131,320.00. Following the completion of the transaction, the insider now owns 423,098 shares in the company, valued at approximately $7,937,318.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $18.18, for a total value of $27,270.00. Following the completion of the transaction, the senior vice president now owns 67,030 shares of the company’s stock, valued at approximately $1,218,605.40. The disclosure for this sale can be found here. Insiders sold a total of 165,720 shares of company stock worth $3,511,521 in the last 90 days. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.