EAM Global Investors LLC Invests $4.60 Million in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

EAM Global Investors LLC bought a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 174,214 shares of the aerospace company's stock, valued at approximately $4,596,000. EAM Global Investors LLC owned 0.12% of Kratos Defense & Security Solutions as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of KTOS. WealthPlan Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at $461,000. Cornell Pochily Investment Advisors Inc. purchased a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $207,000. Lord Abbett & CO. LLC increased its holdings in Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock worth $15,501,000 after purchasing an additional 86,567 shares during the last quarter. MRA Advisory Group acquired a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $448,000. Finally, Robertson Stephens Wealth Management LLC raised its stake in Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock worth $801,000 after acquiring an additional 16,650 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

KTOS traded down $1.19 on Monday, hitting $31.90. The company had a trading volume of 359,153 shares, compared to its average volume of 1,605,673. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 319.03 and a beta of 1.01. The company's fifty day moving average price is $29.48 and its 200 day moving average price is $28.35. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.05 and a 1-year high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of analyst reports. Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. B. Riley upgraded 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 note on Monday, January 13th. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Robert W. Baird increased their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Four research 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's stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $33.33.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 6,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $32.99, for a total transaction of $197,940.00. Following the transaction, the insider now owns 288,048 shares in the company, valued at approximately $9,502,703.52. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $29.45, for a total value of $206,150.00. Following the sale, the insider now owns 404,133 shares in the company, valued at approximately $11,901,716.85. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,168 shares of company stock valued at $2,525,600 in the last 90 days. 2.37% of the stock is currently owned by insiders.

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.