14,704 Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Purchased by Meitav Investment House Ltd.

Meitav Investment House Ltd. bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,704 shares of the aerospace company's stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KTOS. Farther Finance Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock worth $25,000 after acquiring an additional 920 shares during the period. Hemington Wealth Management lifted its holdings in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after acquiring an additional 631 shares during the period. Truvestments Capital LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $39,000. Meeder Asset Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $53,000. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 229.4% during the 4th quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company's stock worth $95,000 after acquiring an additional 2,500 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.96, for a total value of $41,940.00. Following the sale, the senior vice president now directly owns 55,631 shares in the company, valued at approximately $1,555,442.76. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $26.51, for a total transaction of $185,570.00. Following the sale, the insider now owns 349,406 shares in the company, valued at approximately $9,262,753.06. This represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,181 shares of company stock valued at $2,851,426 over the last 90 days. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Down 2.8 %

NASDAQ:KTOS traded down $0.73 during trading hours on Friday, hitting $25.26. The stock had a trading volume of 2,329,911 shares, compared to its average volume of 2,273,000. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.78 and a 1-year high of $35.66. The business has a 50 day simple moving average of $30.01 and a two-hundred day simple moving average of $25.99. The company has a market cap of $3.83 billion, a PE ratio of 252.63 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KTOS shares. Truist Financial increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Jefferies Financial Group raised their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a report on Friday, December 13th. JMP Securities raised their price target on shares of Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a "market outperform" rating in a report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.67.

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.