Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Bought by Wealth Quarterback LLC

Wealth Quarterback LLC grew its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,706 shares of the aerospace company’s stock after buying an additional 708 shares during the quarter. Wealth Quarterback LLC’s holdings in Kratos Defense & Security Solutions were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its position in Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after purchasing an additional 233,051 shares in the last quarter. Geode Capital Management LLC grew its position in Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after buying an additional 29,278 shares during the period. Franklin Resources Inc. increased its holdings in Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after buying an additional 304,088 shares in the last quarter. American Capital Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 12.8% in the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after acquiring an additional 305,925 shares during the period. Finally, Portolan Capital Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 9.0% during the 3rd quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company’s stock worth $41,398,000 after acquiring an additional 146,319 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of analyst reports. Truist Financial upped their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Jefferies Financial Group upped their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company 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 report on Wednesday, November 27th. JMP Securities increased their price target on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a report on Tuesday, February 4th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $35.00 in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.30.

Insider Buying and Selling

In other news, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $32.88, for a total transaction of $131,520.00. Following the sale, the insider now owns 106,906 shares in the company, valued at approximately $3,515,069.28. The trade was a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $26.51, for a total value of $185,570.00. Following the transaction, the insider now owns 349,406 shares in the company, valued at $9,262,753.06. This represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,044 shares of company stock worth $2,576,338 over the last 90 days. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Stock Down 4.9 %

Shares of NASDAQ KTOS opened at $27.16 on Monday. The business’s fifty day simple moving average is $30.04 and its 200-day simple moving average is $25.90. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.78 and a 12-month high of $35.66. The stock has a market cap of $4.10 billion, a P/E ratio of 271.63 and a beta of 1.10.

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.