Future Fund LLC Sells 3,500 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Future Fund LLC decreased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 11.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,114 shares of the aerospace company’s stock after selling 3,500 shares during the period. Kratos Defense & Security Solutions makes up about 2.0% of Future Fund LLC’s portfolio, making the stock its 26th biggest position. Future Fund LLC’s holdings in Kratos Defense & Security Solutions were worth $689,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. WealthPlan Investment Management LLC bought a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $461,000. Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $207,000. Lord Abbett & CO. LLC grew its holdings in shares of Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after purchasing an additional 86,567 shares during the last quarter. MRA Advisory Group acquired a new position in Kratos Defense & Security Solutions during the 4th quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC increased its position in Kratos Defense & Security Solutions by 121.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after purchasing an additional 16,650 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.96, for a total transaction of $41,940.00. Following the sale, the senior vice president now owns 55,631 shares of the company’s stock, valued at approximately $1,555,442.76. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Phillip D. Carrai sold 20,000 shares of Kratos Defense & Security Solutions 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 transaction, the insider now directly owns 263,283 shares of the company’s stock, valued at approximately $6,932,241.39. This trade represents a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,181 shares of company stock worth $3,256,346. 2.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KTOS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Robert W. Baird boosted their price objective on 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. Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group upped 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $27.29 on Monday. The business has a 50-day moving average of $29.90 and a 200-day moving average of $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. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 272.93 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66.

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.