Peregrine Capital Management LLC Cuts Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Peregrine Capital Management LLC trimmed its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 284,841 shares of the aerospace company's stock after selling 29,672 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.19% of Kratos Defense & Security Solutions worth $7,514,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KTOS. Farther Finance Advisors LLC increased its position in Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock worth $25,000 after buying an additional 920 shares in the last quarter. Hemington Wealth Management grew its stake 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 valued at $35,000 after acquiring an additional 631 shares during the period. Truvestments Capital LLC bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $39,000. Meeder Asset Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $53,000. Finally, Contravisory Investment Management Inc. boosted its holdings in Kratos Defense & Security Solutions by 229.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company's stock worth $95,000 after buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insider Transactions at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 55,631 shares of the company's stock, valued at $1,555,442.76. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David M. Carter sold 4,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total value of $105,960.00. Following the transaction, the insider now owns 103,430 shares in the company, valued at $2,739,860.70. The trade was a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,181 shares of company stock worth $2,851,426. 2.27% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Trading Down 2.8 %

KTOS stock traded down $0.73 during mid-day trading on Friday, reaching $25.26. 2,329,911 shares of the stock traded hands, compared to its average volume of 1,900,042. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66. The stock has a market capitalization of $3.83 billion, a PE ratio of 252.63 and a beta of 1.10. 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 business has a 50-day moving average price of $29.98 and a two-hundred day moving average price of $26.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Robert W. Baird raised their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Jefferies Financial Group increased their price objective 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. Finally, Truist Financial boosted their target price 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. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and an average target price of $30.67.

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.