ARK Investment Management LLC Lowers Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

ARK Investment Management LLC reduced its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,917,815 shares of the aerospace company's stock after selling 57,213 shares during the period. ARK Investment Management LLC owned about 2.59% of Kratos Defense & Security Solutions worth $103,352,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its holdings in Kratos Defense & Security Solutions by 370.0% during the fourth quarter. Rothschild Investment LLC now owns 2,585 shares of the aerospace company's stock worth $68,000 after buying an additional 2,035 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new stake in Kratos Defense & Security Solutions during the fourth quarter worth $53,000. VisionPoint Advisory Group LLC boosted its holdings in Kratos Defense & Security Solutions by 7.5% during the fourth quarter. VisionPoint Advisory Group LLC now owns 9,433 shares of the aerospace company's stock worth $249,000 after buying an additional 655 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Kratos Defense & Security Solutions during the fourth quarter worth $264,000. Finally, Meitav Investment House Ltd. purchased a new stake in Kratos Defense & Security Solutions during the fourth quarter worth $390,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Stacey G. Rock sold 4,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $26.73, for a total transaction of $106,920.00. Following the completion of the sale, the insider now directly owns 47,007 shares in the company, valued at approximately $1,256,497.11. This trade represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the sale, the insider now owns 370,660 shares of the company's stock, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,181 shares of company stock worth $2,837,986 over the last three months. Insiders own 2.27% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on KTOS. Truist Financial increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Thursday. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the company from $26.00 to $35.00 in a report on Monday, January 13th. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $32.00.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS traded up $0.12 during mid-day trading on Friday, reaching $26.39. The company's stock had a trading volume of 2,860,618 shares, compared to its average volume of 1,241,333. The stock has a 50-day moving average of $29.87 and a two-hundred day moving average of $26.21. The stock has a market capitalization of $4.00 billion, a P/E ratio of 263.93 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.78 and a 1-year high of $35.66.

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.