Sequoia Financial Advisors LLC Has $7.65 Million Stake in Kratos Defense & Security Solutions, Inc. $KTOS

Sequoia Financial Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,541 shares of the aerospace company’s stock after buying an additional 11,961 shares during the period. Sequoia Financial Advisors LLC owned 0.06% of Kratos Defense & Security Solutions worth $7,653,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KTOS. Mcguire Capital Advisors Inc. bought a new position in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $25,000. Atlantic Union Bankshares Corp grew its holdings in Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 380 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at $31,000. Murphy & Mullick Capital Management Corp raised its position in shares of Kratos Defense & Security Solutions by 115.4% during the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 225 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $37,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citizens Jmp reduced their price target on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research report on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 target price on shares of Kratos Defense & Security Solutions in a research note on Wednesday. Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Wednesday, April 29th. Canaccord Genuity Group boosted their target price on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, BNP Paribas Exane upped their price target on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.41.

Insider Activity at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $57.93, for a total transaction of $86,895.00. Following the transaction, the senior vice president owned 64,447 shares in the company, valued at $3,733,414.71. The trade was a 2.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $48.37, for a total value of $338,590.00. Following the completion of the transaction, the insider owned 302,126 shares of the company’s stock, valued at $14,613,834.62. This represents a 2.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 161,453 shares of company stock valued at $9,466,223 over the last 90 days. Insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 1.4%

Shares of KTOS traded down $0.66 during trading hours on Friday, reaching $48.19. The stock had a trading volume of 2,372,479 shares, compared to its average volume of 5,385,610. 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, Inc. has a 52 week low of $46.01 and a 52 week high of $134.00. The firm has a 50-day moving average of $55.44 and a 200 day moving average of $76.88. The company has a market cap of $9.04 billion, a P/E ratio of 283.47 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. On average, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions 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.