Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Acquired by MYDA Advisors LLC

MYDA Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 400.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 100,000 shares of the aerospace company's stock after acquiring an additional 80,000 shares during the period. MYDA Advisors LLC owned about 0.07% of Kratos Defense & Security Solutions worth $2,638,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. MetLife Investment Management LLC lifted its position in shares of Kratos Defense & Security Solutions by 4.6% during the fourth quarter. MetLife Investment Management LLC now owns 89,329 shares of the aerospace company's stock worth $2,356,000 after purchasing an additional 3,920 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Kratos Defense & Security Solutions by 11.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 17,431 shares of the aerospace company's stock valued at $459,000 after buying an additional 1,791 shares in the last quarter. EAM Global Investors LLC bought a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at about $4,596,000. EAM Investors LLC purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at about $4,510,000. Finally, Gamco Investors INC. ET AL grew its stake in Kratos Defense & Security Solutions by 73.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 17,050 shares of the aerospace company's stock worth $450,000 after acquiring an additional 7,200 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Thomas E. Iv Mills sold 8,637 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total transaction of $234,408.18. Following the transaction, the insider now directly owns 12,215 shares in the company, valued at $331,515.10. The trade was a 41.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric M. Demarco bought 9,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the transaction, the chief executive officer now directly owns 1,267,482 shares in the company, valued at $33,398,150.70. This represents a 0.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 87,168 shares of company stock valued at $2,525,600 in the last 90 days. Insiders own 2.37% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KTOS. Robert W. Baird lifted their price target on shares of 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. StockNews.com lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday. Royal Bank of Canada dropped their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $26.00 to $35.00 in a report on Monday, January 13th. Finally, Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. One equities 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $33.33.

Kratos Defense & Security Solutions Stock Up 1.0 %

Kratos Defense & Security Solutions stock traded up $0.33 during trading hours on Thursday, reaching $33.29. The stock had a trading volume of 2,154,159 shares, compared to its average volume of 1,621,803. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 332.93 and a beta of 1.01. The business's 50 day moving average price is $29.69 and its 200-day moving average price is $28.46. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.05 and a 52 week high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

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.