Main Management ETF Advisors LLC Acquires Shares of 76,048 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Main Management ETF Advisors LLC bought a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the third quarter, Holdings Channel reports. The fund bought 76,048 shares of the aerospace company’s stock, valued at approximately $1,772,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank raised its position in shares of Kratos Defense & Security Solutions by 627.9% during the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock valued at $912,000 after buying an additional 42,817 shares in the last quarter. L & S Advisors Inc bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $1,220,000. GSA Capital Partners LLP bought a new stake in Kratos Defense & Security Solutions during the third quarter worth about $607,000. Assenagon Asset Management S.A. raised its holdings in Kratos Defense & Security Solutions by 272.8% in the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock worth $8,655,000 after buying an additional 316,500 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $678,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $27.99 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a fifty day moving average of $25.27 and a two-hundred day moving average of $22.70. The stock has a market capitalization of $4.23 billion, a PE ratio of 279.93 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $28.62.

Insiders Place Their Bets

In related news, SVP Benjamin M. Goodwin sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the sale, the senior vice president now owns 37,327 shares of the company’s stock, valued at approximately $1,034,331.17. This represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.12, for a total transaction of $29,972.60. Following the completion of the sale, the senior vice president now directly owns 61,963 shares of the company’s stock, valued at $1,370,621.56. This represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,620 shares of company stock worth $1,770,970. Company insiders own 2.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on KTOS. Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Truist Financial reissued a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. Finally, JMP Securities lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $25.40.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.