Tidal Investments LLC Buys 4,638 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Tidal Investments LLC grew its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 27.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,258 shares of the aerospace company’s stock after purchasing an additional 4,638 shares during the quarter. Tidal Investments LLC’s holdings in Kratos Defense & Security Solutions were worth $495,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after purchasing an additional 29,278 shares during the period. Barclays PLC increased its position in Kratos Defense & Security Solutions by 239.5% in the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock worth $6,363,000 after buying an additional 192,667 shares during the period. Main Management ETF Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $1,772,000. XTX Topco Ltd acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth $606,000. Finally, Weiss Asset Management LP acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at $402,000. Institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on KTOS. Jefferies Financial Group raised their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. JMP Securities raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. Truist Financial reiterated a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $26.40.

Kratos Defense & Security Solutions Trading Up 1.1 %

Shares of NASDAQ KTOS opened at $25.87 on Monday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $28.71. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $25.67 and a two-hundred day moving average of $23.09. The company has a market cap of $3.91 billion, a PE ratio of 258.73 and a beta of 1.07.

Insiders Place Their Bets

In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $23.37, for a total value of $163,590.00. Following the transaction, the insider now directly owns 363,417 shares in the company, valued at $8,493,055.29. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie Mendoza sold 2,423 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $25.00, for a total value of $60,575.00. Following the sale, the senior vice president now directly owns 59,453 shares of the company’s stock, valued at approximately $1,486,325. This trade represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,781 shares of company stock valued at $2,027,665. 2.27% of the stock is currently owned by corporate insiders.

About Kratos Defense & Security Solutions

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.