Gerber Kawasaki Wealth & Investment Management Raises Stock Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Gerber Kawasaki Wealth & Investment Management boosted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 38.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,105 shares of the aerospace company’s stock after purchasing an additional 18,948 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Kratos Defense & Security Solutions were worth $3,163,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. TD Waterhouse Canada Inc. bought a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth about $30,000. Farther Finance Advisors LLC increased its stake in shares of Kratos Defense & Security Solutions by 129.0% during the second quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 503 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $45,000. Twin Tree Management LP purchased a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $37,000. Finally, Byrne Asset Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth approximately $59,000. Institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of analyst reports. BNP Paribas set a $80.00 price objective on Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. Truist Financial raised their price target on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. BNP Paribas Exane assumed coverage on Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. They issued a “neutral” rating and a $80.00 price target for the company. JMP Securities increased their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, October 2nd. Finally, BTIG Research raised their price objective on shares of Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.06.

Insider Transactions at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco sold 200,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, December 1st. The stock was sold at an average price of $74.09, for a total value of $14,818,000.00. Following the completion of the sale, the chief executive officer owned 1,196,237 shares of the company’s stock, valued at $88,629,199.33. The trade was a 14.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William A. Hoglund sold 75,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $74.35, for a total value of $5,576,250.00. Following the completion of the transaction, the director directly owned 147,193 shares in the company, valued at approximately $10,943,799.55. This represents a 33.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 448,866 shares of company stock worth $33,858,748. Company insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $76.50 on Monday. The firm’s 50-day moving average price is $83.88 and its 200-day moving average price is $65.87. Kratos Defense & Security Solutions, Inc. has a 52-week low of $23.90 and a 52-week high of $112.57. The company has a market cap of $12.92 billion, a PE ratio of 588.51 and a beta of 1.15. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued 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. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The company had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.