Rice Hall James & Associates LLC Sells 38,809 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rice Hall James & Associates LLC cut its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 24.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,797 shares of the aerospace company's stock after selling 38,809 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.08% of Kratos Defense & Security Solutions worth $3,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KTOS. Van ECK Associates Corp lifted its holdings in Kratos Defense & Security Solutions by 45.3% during the 4th quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company's stock worth $34,087,000 after buying an additional 402,588 shares during the period. American Capital Management Inc. lifted its holdings in Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock worth $62,792,000 after buying an additional 305,925 shares during the period. Franklin Resources Inc. lifted its holdings in Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock worth $70,951,000 after buying an additional 304,088 shares during the period. Rockefeller Capital Management L.P. acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $6,310,000. Finally, FMR LLC lifted 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 during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KTOS. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Jefferies Financial Group boosted their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, December 13th. Finally, Robert W. Baird boosted their price objective on 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. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.67.

Kratos Defense & Security Solutions Stock Down 2.8 %

KTOS traded down $0.73 during midday trading on Friday, reaching $25.26. 2,329,911 shares of the company were exchanged, compared to its average volume of 1,900,042. 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 company's fifty day moving average price is $29.98 and its 200 day moving average price is $26.06. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 252.63 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.96, for a total transaction of $41,940.00. Following the completion of the sale, the senior vice president now directly owns 55,631 shares of the company's stock, valued at approximately $1,555,442.76. The trade was a 2.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $33.16, for a total value of $232,120.00. Following the completion of the transaction, the insider now directly owns 365,461 shares of the company's stock, valued at approximately $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,181 shares of company stock valued at $2,851,426. Corporate insiders own 2.27% of the company's stock.

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.