Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC cut its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,034,200 shares of the aerospace company's stock after selling 185,174 shares during the period. Kratos Defense & Security Solutions accounts for 2.5% of Cooper Creek Partners Management LLC's portfolio, making the stock its 14th largest holding. Cooper Creek Partners Management LLC owned 2.01% of Kratos Defense & Security Solutions worth $80,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MRP Capital Investments LLC grew its stake in shares of Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after buying an additional 500 shares in the last quarter. Arizona State Retirement System boosted its position in Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock valued at $1,156,000 after buying an additional 586 shares during the period. Jones Financial Companies Lllp grew its stake in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after purchasing an additional 610 shares in the last quarter. ORG Partners LLC increased its stake in shares of Kratos Defense & Security Solutions by 1.9% during the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock valued at $870,000 after buying an additional 621 shares during the period. Finally, Hemington Wealth Management raised its holdings in shares of Kratos Defense & Security Solutions by 86.6% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insiders Place Their Bets

In related news, CEO Eric M. Demarco acquired 9,500 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $26.35 per share, with a total value of $250,325.00. Following the purchase, the chief executive officer now directly owns 1,267,482 shares of the company's stock, valued at approximately $33,398,150.70. This represents a 0.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $32.99, for a total value of $197,940.00. Following the completion of the transaction, the insider now owns 288,048 shares in the company, valued at $9,502,703.52. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,168 shares of company stock valued at $2,525,600. Corporate insiders own 2.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday. Robert W. Baird boosted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and an average target price of $33.33.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS traded down $0.18 during trading hours on Friday, reaching $33.09. The company's stock had a trading volume of 2,131,494 shares, compared to its average volume of 1,605,486. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company's 50-day moving average is $29.46 and its two-hundred day moving average is $28.25. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66. The stock has a market cap of $5.06 billion, a PE ratio of 330.93 and a beta of 1.01.

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.