Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Holdings Lessened by Emerald Advisers LLC

Emerald Advisers LLC cut its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,619,694 shares of the aerospace company's stock after selling 121,557 shares during the period. Kratos Defense & Security Solutions makes up 1.7% of Emerald Advisers LLC's holdings, making the stock its 9th largest position. Emerald Advisers LLC owned approximately 1.07% of Kratos Defense & Security Solutions worth $42,728,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of Kratos Defense & Security Solutions by 90.5% during the 4th 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 period. Hemington Wealth Management grew its holdings in Kratos Defense & Security Solutions by 86.6% in the fourth 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 period. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at approximately $39,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $53,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $55,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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Kratos Defense & Security Solutions Trading Up 0.2 %

NASDAQ:KTOS traded up $0.05 during trading hours on Thursday, hitting $31.47. The company had a trading volume of 2,039,399 shares, compared to its average volume of 1,484,960. 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 market cap of $4.81 billion, a P/E ratio of 314.73 and a beta of 1.12. The company has a 50-day moving average of $30.40 and a 200 day moving average of $27.31. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

Several brokerages recently commented on KTOS. StockNews.com lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Saturday, March 8th. Robert W. Baird raised their price target 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. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial increased their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and an average target price of $32.67.

Insider Activity

In other news, insider Steven S. Fendley sold 7,000 shares of the 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 completion of the sale, the insider now owns 342,407 shares of the company's stock, valued at $8,895,733.86. This represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the sale, the senior vice president now directly owns 61,782 shares in the company, valued at approximately $2,057,340.60. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by insiders.

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.