Mission Wealth Management LP Purchases Shares of 20,005 Kratos Defense & Security Solutions, Inc. $KTOS

Mission Wealth Management LP acquired a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,005 shares of the aerospace company’s stock, valued at approximately $1,828,000.

Other institutional investors have also recently made changes to their positions in the company. Rovida Advisors Inc. bought a new position in Kratos Defense & Security Solutions in the 2nd quarter worth approximately $82,315,000. Franklin Resources Inc. raised its position in shares of Kratos Defense & Security Solutions by 29.6% during the second quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock valued at $236,268,000 after buying an additional 1,162,577 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $37,475,000. ARK Investment Management LLC boosted its position in shares of Kratos Defense & Security Solutions by 22.2% during the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock worth $209,382,000 after acquiring an additional 818,104 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Kratos Defense & Security Solutions by 29.1% during the second quarter. First Trust Advisors LP now owns 2,370,085 shares of the aerospace company’s stock worth $110,090,000 after acquiring an additional 533,912 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

KTOS has been the topic of a number of research reports. Truist Financial set a $135.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, January 9th. B. Riley raised their price objective on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, January 9th. The Goldman Sachs Group boosted their target price on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. KeyCorp increased their price target on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, BTIG Research raised their price target on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $95.28.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 30,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $74.80, for a total value of $2,244,000.00. Following the sale, the insider owned 9,348 shares in the company, valued at $699,230.40. This trade represents a 76.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Deanna H. Lund sold 30,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, December 1st. The stock was sold at an average price of $74.08, for a total value of $2,222,400.00. Following the sale, the chief financial officer owned 273,285 shares of the company’s stock, valued at approximately $20,244,952.80. This trade represents a 9.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 911,815 shares of company stock valued at $74,483,631. 2.37% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Stock Up 7.5%

Shares of KTOS opened at $103.37 on Wednesday. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $91.92 and a 200 day moving average of $81.24. The company has a market cap of $17.45 billion, a PE ratio of 795.22 and a beta of 1.09. Kratos Defense & Security Solutions, Inc. has a 52-week low of $23.90 and a 52-week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The business’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. On average, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.