31,910 Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,910 shares of the aerospace company’s stock, valued at approximately $842,000.

Several other institutional investors also recently made changes to their positions in KTOS. MRP Capital Investments LLC lifted its stake in shares of Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 500 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at approximately $73,000. Xponance Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 9.5% during the 4th quarter. Xponance Inc. now owns 10,521 shares of the aerospace company’s stock worth $278,000 after acquiring an additional 916 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Kratos Defense & Security Solutions by 10.5% in the 4th quarter. Signaturefd LLC now owns 9,457 shares of the aerospace company’s stock worth $249,000 after acquiring an additional 899 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $365,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $25.98, for a total value of $181,860.00. Following the completion of the transaction, the insider now directly owns 342,407 shares in the company, valued at approximately $8,895,733.86. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Phillip D. Carrai sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the sale, the insider now directly owns 263,283 shares in the company, valued at approximately $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 have sold a total of 110,196 shares of company stock valued at $3,144,160 in the last quarter. 2.27% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Stock Up 5.6 %

Shares of NASDAQ KTOS opened at $32.53 on Tuesday. The firm has a market cap of $4.97 billion, a P/E ratio of 325.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.05 and a 1 year high of $35.66. The firm’s 50 day moving average price is $30.49 and its 200 day moving average price is $27.16.

Wall Street Analyst Weigh In

A number of research firms have commented on KTOS. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Truist Financial boosted their price objective on shares of 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. Robert W. Baird lifted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Royal Bank of Canada lowered their price target on shares of 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. Finally, JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

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.