Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 37.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,896 shares of the aerospace company’s stock after selling 11,209 shares during the quarter. Vontobel Holding Ltd.’s holdings in Kratos Defense & Security Solutions were worth $383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KTOS. Allspring Global Investments Holdings LLC raised its stake in shares of Kratos Defense & Security Solutions by 181.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,041 shares of the aerospace company’s stock worth $76,000 after buying an additional 3,250 shares during the last quarter. Advisor Partners II LLC purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth about $153,000. Blair William & Co. IL purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth about $161,000. Strs Ohio purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth about $165,000. Finally, Commonwealth Equity Services LLC increased its position in Kratos Defense & Security Solutions by 6.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 13,395 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 808 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Benchmark lifted their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Finally, The Goldman Sachs Group lifted their price target on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $21.14.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $17.84 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03. The business has a 50-day moving average of $18.30 and a two-hundred day moving average of $18.43. Kratos Defense & Security Solutions, Inc. has a 12 month low of $12.12 and a 12 month high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The business had revenue of $273.80 million during the quarter, compared to analysts’ expectations of $253.39 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $17.34, for a total transaction of $121,380.00. Following the completion of the sale, the insider now owns 352,641 shares in the company, valued at approximately $6,114,794.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $17.34, for a total transaction of $121,380.00. Following the transaction, the insider now directly owns 352,641 shares of the company’s stock, valued at approximately $6,114,794.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.87, for a total value of $73,045.00. Following the transaction, the insider now directly owns 223,131 shares in the company, valued at $4,656,743.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,538 shares of company stock worth $763,479. 2.27% of the stock is currently owned by company 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.