Ellevest Inc. grew its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) by 92.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,837 shares of the aerospace company’s stock after acquiring an additional 1,364 shares during the quarter. Ellevest Inc.’s holdings in Kratos Defense & Security Solutions were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in KTOS. Norges Bank purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $12,760,000. State Street Corp boosted its holdings in shares of Kratos Defense & Security Solutions by 25.6% in the 1st quarter. State Street Corp now owns 5,561,512 shares of the aerospace company’s stock worth $113,900,000 after purchasing an additional 1,134,464 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 107.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,696,230 shares of the aerospace company’s stock worth $23,543,000 after purchasing an additional 877,043 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 290.9% in the 1st quarter. Renaissance Technologies LLC now owns 713,799 shares of the aerospace company’s stock worth $14,619,000 after purchasing an additional 531,200 shares during the period. Finally, Archon Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $4,917,000. Institutional investors own 83.85% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on KTOS. StockNews.com began coverage on Kratos Defense & Security Solutions in a report on Thursday, May 18th. They issued a “hold” rating for the company. Raymond James assumed coverage on Kratos Defense & Security Solutions in a report on Thursday, July 20th. They issued an “outperform” rating and a $17.00 target price for the company. Finally, Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Kratos Defense & Security Solutions in a report on Monday, April 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.00.
Kratos Defense & Security Solutions Trading Up 15.0 %
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $256.90 million during the quarter, compared to analyst estimates of $235.93 million. Kratos Defense & Security Solutions had a positive return on equity of 1.92% and a negative net margin of 2.69%. Kratos Defense & Security Solutions’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.24 EPS for the current fiscal year.
Insider Buying and Selling at Kratos Defense & Security Solutions
In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 4,637 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $14.11, for a total transaction of $65,428.07. Following the completion of the sale, the vice president now directly owns 33,167 shares of the company’s stock, valued at approximately $467,986.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Steven S. Fendley sold 25,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $14.42, for a total value of $360,500.00. Following the completion of the transaction, the insider now directly owns 347,045 shares of the company’s stock, valued at approximately $5,004,388.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP De Burgreen Maria Cervantes sold 4,637 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $14.11, for a total value of $65,428.07. Following the completion of the transaction, the vice president now directly owns 33,167 shares of the company’s stock, valued at $467,986.37. The disclosure for this sale can be found here. Insiders sold a total of 174,403 shares of company stock valued at $2,568,221 in the last ninety days. Corporate insiders own 2.17% of the company’s stock.
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. The company develops and fields transformative, affordable systems, products, and solutions. It operates through two segments, Kratos Government Solutions and Unmanned Systems.
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