Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 42.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,913 shares of the aerospace company's stock after selling 38,840 shares during the period. Oppenheimer & Co. Inc.'s holdings in Kratos Defense & Security Solutions were worth $1,369,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth approximately $461,000. Cornell Pochily Investment Advisors Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $207,000. Lord Abbett & CO. LLC increased its holdings in shares of Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock valued at $15,501,000 after purchasing an additional 86,567 shares during the period. MRA Advisory Group acquired a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $448,000. Finally, Robertson Stephens Wealth Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 121.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock valued at $801,000 after purchasing an additional 16,650 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total transaction of $49,950.00. Following the sale, the senior vice president now directly owns 61,782 shares in the company, valued at approximately $2,057,340.60. The trade was a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric M. Demarco bought 9,500 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the transaction, the chief executive officer now owns 1,267,482 shares of the company's stock, valued at $33,398,150.70. This represents a 0.76 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 89,181 shares of company stock worth $2,570,686. 2.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KTOS has been the topic of a number of recent research reports. Royal Bank of Canada dropped their target price 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. Jefferies Financial Group boosted their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a report on Friday, December 13th. 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 report on Tuesday, January 14th. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their target price for the company from $26.00 to $35.00 in a report on Monday, January 13th. Finally, StockNews.com downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Kratos Defense & Security Solutions Stock Down 1.4 %

KTOS opened at $26.01 on Tuesday. The business's fifty day moving average is $29.87 and its two-hundred day moving average is $26.34. 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 has a market cap of $3.98 billion, a price-to-earnings ratio of 260.13 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66.

Kratos Defense & Security Solutions 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.

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