GSA Capital Partners LLP Purchases New Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

GSA Capital Partners LLP bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,053 shares of the aerospace company's stock, valued at approximately $607,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 920 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in Kratos Defense & Security Solutions by 68.7% during the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company's stock worth $25,000 after acquiring an additional 444 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in Kratos Defense & Security Solutions during the second quarter worth about $30,000. Point72 Hong Kong Ltd purchased a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $36,000. Finally, EntryPoint Capital LLC raised its holdings in shares of Kratos Defense & Security Solutions by 179.1% in the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company's stock valued at $43,000 after buying an additional 1,506 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Trading Up 2.7 %

Shares of NASDAQ:KTOS traded up $0.67 during trading on Tuesday, reaching $25.05. The stock had a trading volume of 1,261,582 shares, compared to its average volume of 1,136,266. The stock has a market cap of $3.78 billion, a P/E ratio of 247.52 and a beta of 1.02. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $28.62. The business has a fifty day moving average price of $24.13 and a 200-day moving average price of $22.07.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction on Friday, November 15th. The shares were sold at an average price of $25.00, for a total value of $87,500.00. Following the transaction, the insider now owns 265,499 shares in the company, valued at $6,637,475. This trade represents a 1.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Marie Mendoza sold 1,355 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the sale, the senior vice president now owns 61,963 shares of the company's stock, valued at approximately $1,370,621.56. The trade was a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,620 shares of company stock valued at $1,700,220 over the last quarter. Company insiders own 2.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KTOS shares. JMP Securities upped their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a report on Monday, November 11th. B. Riley lowered shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, September 23rd. Benchmark reaffirmed a "buy" rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, StockNews.com cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Monday, November 11th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $25.40.

Kratos Defense & Security Solutions Company 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.