Future Fund LLC Sells 30,631 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Future Fund LLC reduced its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 50.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,614 shares of the aerospace company's stock after selling 30,631 shares during the quarter. Kratos Defense & Security Solutions accounts for about 2.0% of Future Fund LLC's holdings, making the stock its 25th largest holding. Future Fund LLC's holdings in Kratos Defense & Security Solutions were worth $677,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Sei Investments Co. lifted its position in Kratos Defense & Security Solutions by 113.1% during the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company's stock valued at $5,727,000 after buying an additional 165,356 shares during the period. Comerica Bank grew its stake in shares of Kratos Defense & Security Solutions by 627.9% in the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company's stock worth $912,000 after buying an additional 42,817 shares during the last quarter. Swiss National Bank increased its position in Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Swiss National Bank now owns 287,600 shares of the aerospace company's stock valued at $5,286,000 after buying an additional 33,500 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company's stock worth $256,813,000 after acquiring an additional 1,807,580 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Kratos Defense & Security Solutions by 272.8% in the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company's stock worth $8,655,000 after acquiring an additional 316,500 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KTOS has been the subject of several recent analyst reports. Truist Financial reaffirmed a "buy" rating and issued a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. B. Riley downgraded Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Benchmark restated a "buy" rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, StockNews.com downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.40.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded up $0.61 during mid-day trading on Wednesday, reaching $27.87. 884,292 shares of the company traded hands, compared to its average volume of 1,129,722. The company's 50 day moving average price is $23.71 and its 200-day moving average price is $21.81. The firm has a market cap of $4.21 billion, a PE ratio of 281.03 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $28.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Insider Activity

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares in the company, valued at approximately $1,272,297.51. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the sale, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric M. Demarco bought 12,396 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the acquisition, the chief executive officer now directly owns 1,058,264 shares of the company's stock, valued at approximately $21,366,350.16. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 76,091 shares of company stock worth $1,739,101 in the last three months. Company insiders own 2.27% of the company's stock.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.