Elevation Point Wealth Partners LLC Has $299,000 Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Elevation Point Wealth Partners LLC lowered its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 5.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,073 shares of the aerospace company’s stock after selling 525 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Kratos Defense & Security Solutions were worth $299,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in Kratos Defense & Security Solutions by 202.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock valued at $31,000 after buying an additional 700 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after buying an additional 610 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $53,000. SBI Securities Co. Ltd. acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $55,000. Finally, MRP Capital Investments LLC boosted its position in Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock valued at $59,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 5,786 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $33.11, for a total value of $191,574.46. Following the completion of the sale, the insider now directly owns 15,332 shares of the company’s stock, valued at approximately $507,642.52. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric M. Demarco purchased 7,455 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $33.59 per share, with a total value of $250,413.45. Following the completion of the purchase, the chief executive officer now owns 1,396,237 shares of the company’s stock, valued at approximately $46,899,600.83. This represents a 0.54% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 143,153 shares of company stock valued at $4,897,153. Corporate insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $41.21 on Tuesday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $42.73. The firm has a fifty day simple moving average of $35.63 and a 200 day simple moving average of $31.56. The company has a market capitalization of $6.32 billion, a PE ratio of 412.14 and a beta of 0.99. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The business had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. During the same quarter last year, the firm earned $0.11 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KTOS shares. Benchmark raised their price target on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Royal Bank of Canada raised their price target on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, Truist Financial raised their price target on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.13.

Kratos Defense & Security Solutions Company 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.