1492 Capital Management LLC Lowers Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

1492 Capital Management LLC trimmed its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 44.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 45,985 shares of the aerospace company’s stock after selling 36,344 shares during the quarter. 1492 Capital Management LLC’s holdings in Kratos Defense & Security Solutions were worth $1,213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock valued at $388,301,000 after buying an additional 701,216 shares during the last quarter. FMR LLC lifted its position in Kratos Defense & Security Solutions by 7.6% in the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock valued at $114,510,000 after acquiring an additional 307,907 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after purchasing an additional 29,278 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 11.3% in the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock worth $82,204,000 after purchasing an additional 317,305 shares in the last quarter. Finally, Rovida Investment Management Ltd purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth $46,789,000. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Down 0.5 %

KTOS opened at $33.09 on Friday. The firm’s 50 day simple moving average is $29.46 and its two-hundred day simple moving average is $28.25. The company has a market capitalization of $5.06 billion, a PE ratio of 330.93 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.05 and a 1-year high of $35.66. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

Several research firms recently commented on KTOS. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $33.16, for a total transaction of $232,120.00. Following the completion of the transaction, the insider now directly owns 365,461 shares in the company, valued at approximately $12,118,686.76. The trade was a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Phillip D. Carrai sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total transaction of $526,600.00. Following the sale, the insider now owns 263,283 shares in the company, 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 87,168 shares of company stock worth $2,525,600 in the last three months. Corporate insiders own 2.37% 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.