Rice Hall James & Associates LLC Reduces Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rice Hall James & Associates LLC trimmed its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 24.6% in the fourth quarter, HoldingsChannel reports. The firm owned 118,797 shares of the aerospace company’s stock after selling 38,809 shares during the period. Rice Hall James & Associates LLC’s holdings in Kratos Defense & Security Solutions were worth $3,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KTOS. Farther Finance Advisors LLC increased its stake in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 920 shares in the last quarter. Hemington Wealth Management increased its stake in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 631 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $39,000. Meeder Asset Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $53,000. Finally, Contravisory Investment Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 229.4% during the 4th quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 2,500 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, November 25th. The shares were sold at an average price of $26.51, for a total transaction of $185,570.00. Following the transaction, the insider now owns 349,406 shares in the company, valued at approximately $9,262,753.06. The trade was a 1.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the transaction, the vice president now owns 51,121 shares in the company, valued at $1,533,630. The trade was a 27.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,044 shares of company stock worth $2,576,338 in the last quarter. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Stock Down 0.4 %

Shares of KTOS opened at $27.05 on Wednesday. The firm has a market cap of $4.10 billion, a PE ratio of 270.53 and a beta of 1.10. The company’s fifty day moving average is $30.03 and its two-hundred day moving average is $25.94. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $35.66. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Truist Financial lifted their target price 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. Jefferies Financial Group lifted their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, JMP Securities lifted their target price on shares of Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.30.

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.