One Plus One Wealth Management LLC Sells 30,000 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

One Plus One Wealth Management LLC lowered its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 64.6% during the first quarter, HoldingsChannel reports. The firm owned 16,471 shares of the aerospace company’s stock after selling 30,000 shares during the quarter. One Plus One Wealth Management LLC’s holdings in Kratos Defense & Security Solutions were worth $1,161,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mcguire Capital Advisors Inc. bought a new stake in Kratos Defense & Security Solutions during the 4th quarter worth approximately $25,000. Atlantic Union Bankshares Corp boosted its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after buying an additional 380 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $31,000. Caitlin John LLC bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth $32,000. Finally, Murphy & Mullick Capital Management Corp increased its position in shares of Kratos Defense & Security Solutions by 115.4% during the fourth quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 225 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $74.72, for a total value of $485,680.00. Following the sale, the insider owned 227,898 shares of the company’s stock, valued at approximately $17,028,538.56. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scot B. Jarvis sold 5,417 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $75.90, for a total value of $411,150.30. Following the transaction, the director directly owned 75,123 shares of the company’s stock, valued at $5,701,835.70. This trade represents a 6.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 187,278 shares of company stock worth $11,731,048. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Canaccord Genuity Group increased their target price on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $99.00 to $82.00 in a research note on Friday, June 12th. Truist Financial upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Finally, BNP Paribas Exane upped their price objective on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $101.35.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $47.95 on Thursday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $39.00 and a 12 month high of $134.00. The company’s fifty day simple moving average is $59.57 and its 200-day simple moving average is $78.98. The firm has a market cap of $8.99 billion, a PE ratio of 282.06 and a beta of 1.04. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. During the same quarter last year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.47 EPS for the current fiscal 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.