Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stake Reduced by Arkadios Wealth Advisors

Arkadios Wealth Advisors trimmed its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 50,836 shares of the aerospace company’s stock after selling 4,794 shares during the quarter. Arkadios Wealth Advisors’ holdings in Kratos Defense & Security Solutions were worth $1,341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lord Abbett & CO. LLC grew its stake in shares of Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after purchasing an additional 86,567 shares in the last quarter. MRA Advisory Group bought a new position in Kratos Defense & Security Solutions in the 4th quarter valued at about $448,000. Geode Capital Management LLC grew its position in Kratos Defense & Security Solutions by 0.8% in 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 buying an additional 29,278 shares in the last quarter. Barclays PLC increased its stake in Kratos Defense & Security Solutions by 239.5% during the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after buying an additional 192,667 shares during the period. Finally, L & S Advisors Inc acquired a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth approximately $1,220,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird raised their target price 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. Truist Financial lifted 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 note on Tuesday, January 14th. JMP Securities increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.30.

Insider Activity at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $137,760.00. Following the transaction, the chief financial officer now directly owns 273,881 shares in the company, valued at approximately $6,288,307.76. This represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $24.01, for a total transaction of $168,070.00. Following the completion of the sale, the insider now directly owns 356,414 shares of the company’s stock, valued at approximately $8,557,500.14. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,428 shares of company stock valued at $2,661,646 in the last ninety days. Insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 0.0 %

Shares of KTOS opened at $33.62 on Monday. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $27.49 and a two-hundred day moving average price of $24.30. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 336.23 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $34.83.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.