Geode Capital Management LLC Cuts Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Geode Capital Management LLC reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,540,604 shares of the aerospace company's stock after selling 15,940 shares during the quarter. Geode Capital Management LLC owned about 2.34% of Kratos Defense & Security Solutions worth $93,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position 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 worth $34,000 after buying an additional 610 shares during the period. Hemington Wealth Management boosted its position in Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after acquiring an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth about $53,000. SBI Securities Co. Ltd. acquired a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at about $55,000. Finally, MRP Capital Investments LLC boosted its position in shares of Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total value of $526,600.00. Following the sale, the insider now directly owns 263,283 shares of the company's stock, valued at approximately $6,932,241.39. This represents a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a filing 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, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the sale, the insider now owns 370,660 shares in the company, valued at $9,114,529.40. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 81,168 shares of company stock valued at $2,327,660 over the last three months. 2.37% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded up $0.26 during trading on Wednesday, hitting $33.22. The stock had a trading volume of 252,053 shares, compared to its average volume of 1,593,624. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock's 50 day moving average is $29.44 and its two-hundred day moving average is $28.15. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.05 and a 1 year high of $35.66. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 331.96 and a beta of 1.01.

Wall Street Analyst Weigh In

KTOS has been the subject of several recent analyst reports. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Truist Financial boosted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Royal Bank of Canada cut 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. Finally, StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $32.67.

Kratos Defense & Security Solutions Company 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.