Proficio Capital Partners LLC Invests $1.16 Million in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 48.7% in the 4th quarter. Victory Capital Management Inc. now owns 35,729 shares of the aerospace company's stock valued at $943,000 after buying an additional 11,708 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Kratos Defense & Security Solutions by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,513,437 shares of the aerospace company's stock valued at $39,924,000 after acquiring an additional 14,588 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Kratos Defense & Security Solutions by 6.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 39,331 shares of the aerospace company's stock worth $1,038,000 after acquiring an additional 2,466 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $55,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 610 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

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Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded up $1.72 on Monday, reaching $32.53. The company's stock had a trading volume of 2,989,708 shares, compared to its average volume of 1,470,693. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66. The stock has a market capitalization of $4.97 billion, a P/E ratio of 325.33 and a beta of 1.12. The stock's 50-day moving average is $30.45 and its two-hundred day moving average is $27.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $24.59, for a total transaction of $172,130.00. Following the transaction, the insider now directly owns 370,660 shares in the company, valued at $9,114,529.40. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Phillip D. Carrai sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 263,283 shares of the company's stock, valued at approximately $6,932,241.39. The trade was a 7.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,196 shares of company stock valued at $3,144,160 in the last ninety days. Insiders own 2.27% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on KTOS. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. StockNews.com lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Saturday, March 8th. Finally, Royal Bank of Canada reduced 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 research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $32.67.

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.