Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.3% during the third quarter, Holdings Channel reports. The institutional investor owned 16,981 shares of the aerospace company’s stock after selling 1,536 shares during the period. Captrust Financial Advisors’ holdings in Kratos Defense & Security Solutions were worth $396,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Contravisory Investment Management Inc. lifted its holdings in Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Kratos Defense & Security Solutions by 582.3% in 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. MFA Wealth Advisors LLC acquired a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $30,000. Point72 Hong Kong Ltd acquired a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $36,000. Finally, Truvestments Capital LLC bought a new stake in Kratos Defense & Security Solutions during the third quarter worth approximately $39,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on KTOS shares. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. JMP Securities increased their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group raised 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 report on Friday. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.40.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $26.84 on Friday. 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 $4.05 billion, a price-to-earnings ratio of 268.43 and a beta of 1.07. The business’s 50-day moving average is $25.46 and its 200-day moving average is $22.86. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $28.62.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $23.68, for a total value of $142,080.00. Following the completion of the sale, the chief financial officer now owns 279,775 shares of the company’s stock, valued at approximately $6,625,072. The trade was a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the transaction, the senior vice president now owns 61,963 shares in the company, valued at $1,370,621.56. This represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,620 shares of company stock worth $1,770,970. 2.27% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions 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.