Proficio Capital Partners LLC Buys Shares of 43,817 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Proficio Capital Partners LLC purchased a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,817 shares of the aerospace company's stock, valued at approximately $1,156,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company's stock valued at $93,966,000 after purchasing an additional 233,051 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 valued at $82,883,000 after acquiring an additional 29,278 shares in the last quarter. Franklin Resources Inc. grew its holdings in Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock valued at $70,951,000 after buying an additional 304,088 shares in the last quarter. American Capital Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 12.8% in the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock worth $62,792,000 after acquiring an additional 305,925 shares during the last quarter. Finally, Portolan Capital Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 9.0% during the 3rd quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company's stock worth $41,398,000 after acquiring an additional 146,319 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Remove Ads

Insider Buying and Selling

In other news, CEO Eric M. Demarco acquired 9,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the purchase, the chief executive officer now 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 20,000 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the transaction, the insider now directly owns 263,283 shares in the company, valued at $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,181 shares of company stock worth $3,256,346 over the last 90 days. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Stock Up 6.1 %

Shares of KTOS traded up $1.66 during midday trading on Monday, reaching $28.95. The stock had a trading volume of 435,819 shares, compared to its average volume of 1,259,793. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 290.90 and a beta of 1.12. The company's fifty day simple moving average is $29.90 and its two-hundred day simple moving average is $26.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.78 and a 1-year high of $35.66.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KTOS shares. Royal Bank of Canada dropped their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. StockNews.com lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Saturday. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group boosted 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

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.