Bouvel Investment Partners LLC cut its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 86,609 shares of the aerospace company’s stock after selling 2,007 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Kratos Defense & Security Solutions were worth $2,285,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 34.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 32,742 shares of the aerospace company’s stock worth $864,000 after purchasing an additional 8,447 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 229.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock valued at $95,000 after buying an additional 2,500 shares during the last quarter. MRA Advisory Group acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth about $448,000. ORG Partners LLC lifted its position in Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after acquiring an additional 621 shares in the last quarter. Finally, BancFirst Trust & Investment Management acquired a new position in Kratos Defense & Security Solutions during the 4th quarter valued at about $647,000. 75.92% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Kratos Defense & Security Solutions
In other news, VP De Burgreen Maria Cervantes sold 19,528 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the transaction, the vice president now directly owns 51,121 shares of the company’s stock, valued at $1,533,630. This represents a 27.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $24.01, for a total value of $168,070.00. Following the completion of the sale, the insider now owns 356,414 shares of the company’s stock, valued at $8,557,500.14. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,928 shares of company stock valued at $2,611,696 in the last three months. Company insiders own 2.27% of the company’s stock.
Kratos Defense & Security Solutions Stock Down 1.3 %
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $35.00 in a research report on Monday. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday. Jefferies Financial Group raised their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, JMP Securities increased their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.30.
Get Our Latest Research Report on KTOS
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. 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.
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