Virtu Financial LLC Acquires Shares of 31,910 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Virtu Financial LLC bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 31,910 shares of the aerospace company's stock, valued at approximately $842,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 610 shares during the last quarter. Hemington Wealth Management raised its stake in Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after purchasing an additional 631 shares during the last quarter. Truvestments Capital LLC purchased a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $39,000. Capital Advisors Ltd. LLC acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth $53,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $55,000. Hedge funds and other institutional investors own 75.92% of the company's stock.

Wall Street Analysts Forecast Growth

KTOS has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reduced their price target on 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued 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 price target of $32.67.

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Insider Activity

In related news, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $25.98, for a total value of $181,860.00. Following the sale, the insider now owns 342,407 shares of the company's stock, valued at $8,895,733.86. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the business'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 transaction of $585,840.00. Following the transaction, the vice president now owns 51,121 shares of the company's stock, valued at $1,533,630. This trade represents a 27.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Trading Down 2.5 %

Shares of NASDAQ:KTOS traded down $0.79 during mid-day trading on Friday, reaching $30.68. 3,258,768 shares of the company were exchanged, compared to its average volume of 1,539,521. The firm has a market cap of $4.69 billion, a price-to-earnings 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 1 year low of $17.05 and a 1 year high of $35.66. The firm's 50-day simple moving average is $30.40 and its 200 day simple moving average is $27.31.

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.