Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is Portolan Capital Management LLC's 6th Largest Position

Portolan Capital Management LLC decreased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,348,077 shares of the aerospace company's stock after selling 428,663 shares during the period. Kratos Defense & Security Solutions comprises 2.4% of Portolan Capital Management LLC's portfolio, making the stock its 6th largest holding. Portolan Capital Management LLC owned about 0.89% of Kratos Defense & Security Solutions worth $35,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of KTOS. Vanguard Group Inc. raised its holdings in Kratos Defense & Security Solutions by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after acquiring an additional 701,216 shares during the period. FMR LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 7.6% in the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock worth $114,510,000 after acquiring an additional 307,907 shares during the last quarter. Geode Capital Management LLC lifted its stake in Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock worth $82,883,000 after purchasing an additional 29,278 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Kratos Defense & Security Solutions by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock valued at $82,204,000 after acquiring an additional 317,305 shares during the period. Finally, Rovida Investment Management Ltd bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth about $46,789,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

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'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 1-year low of $17.05 and a 1-year high of $35.66. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 330.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analyst Ratings Changes

Several research firms have recently weighed in on KTOS. Royal Bank of Canada decreased their price target on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, Truist Financial upped their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Phillip D. Carrai sold 6,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $32.99, for a total transaction of $197,940.00. Following the transaction, the insider now directly owns 288,048 shares in the company, valued at approximately $9,502,703.52. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,168 shares of company stock valued at $2,525,600 over the last quarter. 2.37% of the stock is currently owned by insiders.

About Kratos Defense & Security Solutions

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.