Cibc World Markets Corp Acquires Shares of 13,847 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Cibc World Markets Corp purchased a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,847 shares of the aerospace company's stock, valued at approximately $365,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KTOS. Victory Capital Management Inc. increased its holdings in Kratos Defense & Security Solutions by 27.0% in the third quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company's stock valued at $560,000 after buying an additional 5,101 shares in the last quarter. Natixis Advisors LLC increased its stake in Kratos Defense & Security Solutions by 16.7% in the 3rd quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company's stock valued at $415,000 after purchasing an additional 2,546 shares in the last quarter. Pathstone Holdings LLC raised its holdings in Kratos Defense & Security Solutions by 12.0% during the third quarter. Pathstone Holdings LLC now owns 81,876 shares of the aerospace company's stock worth $1,908,000 after purchasing an additional 8,799 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $826,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company's stock valued at $34,923,000 after purchasing an additional 35,421 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

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Insider Buying and Selling

In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 19,528 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the completion of the transaction, the vice president now owns 51,121 shares in the company, valued at $1,533,630. This represents a 27.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.49, for a total transaction of $105,960.00. Following the sale, the insider now owns 103,430 shares in the company, valued at $2,739,860.70. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 110,196 shares of company stock valued at $3,144,160. Company insiders own 2.27% of the company's stock.

Wall Street Analyst Weigh In

KTOS has been the subject of several recent research reports. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Royal Bank of Canada reduced their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Jefferies Financial Group lifted 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 report on Friday, December 13th. Truist Financial upped their price objective 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, January 14th. Finally, StockNews.com lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Saturday, March 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.67.

Kratos Defense & Security Solutions Trading Down 2.5 %

NASDAQ KTOS traded down $0.79 during mid-day trading on Friday, hitting $30.68. The company's stock had a trading volume of 3,258,768 shares, compared to its average volume of 1,538,519. The firm has a market capitalization of $4.69 billion, a P/E ratio of 306.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66. The stock's fifty day simple moving average is $30.40 and its two-hundred day simple moving average is $27.31.

About Kratos Defense & Security Solutions

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.