Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock Position Boosted by Xponance Inc.

Xponance Inc. grew its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 9.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,521 shares of the aerospace company’s stock after purchasing an additional 916 shares during the quarter. Xponance Inc.’s holdings in Kratos Defense & Security Solutions were worth $278,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC raised its position in shares of Kratos Defense & Security Solutions by 10.5% during the fourth quarter. Signaturefd LLC now owns 9,457 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 899 shares during the period. Cibc World Markets Corp acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $365,000. Corient Private Wealth LLC boosted its position in Kratos Defense & Security Solutions by 11.0% during the fourth quarter. Corient Private Wealth LLC now owns 19,171 shares of the aerospace company’s stock valued at $506,000 after purchasing an additional 1,896 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Kratos Defense & Security Solutions by 39.9% during the 4th quarter. Royce & Associates LP now owns 875,780 shares of the aerospace company’s stock valued at $23,103,000 after buying an additional 249,690 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in Kratos Defense & Security Solutions by 5.5% in the fourth quarter. Natixis Advisors LLC now owns 18,772 shares of the aerospace company’s stock worth $495,000 after acquiring an additional 980 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on KTOS. Truist Financial upped their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” 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. Robert W. Baird boosted 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. Jefferies Financial Group raised their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. One investment 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 19,528 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the transaction, the vice president now owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. The trade was a 27.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $31.38, for a total transaction of $188,280.00. Following the sale, the insider now directly owns 293,897 shares in the company, valued at approximately $9,222,487.86. This represents a 2.00 % decrease in their position. 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 over the last quarter. 2.27% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $31.47 on Friday. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 314.73 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66. The business has a fifty day simple moving average of $30.40 and a 200 day simple moving average of $27.31. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

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.