BNP Paribas Financial Markets Sells 42,827 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

BNP Paribas Financial Markets cut its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 29.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,760 shares of the aerospace company’s stock after selling 42,827 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Kratos Defense & Security Solutions worth $2,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of KTOS. Farther Finance Advisors LLC lifted its holdings 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 acquiring an additional 920 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in Kratos Defense & Security Solutions by 68.7% during the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 444 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth about $30,000. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $39,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $23.37, for a total transaction of $163,590.00. Following the sale, the insider now owns 363,417 shares of the company’s stock, valued at approximately $8,493,055.29. The trade was a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.12, for a total transaction of $29,972.60. Following 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 three months, insiders have sold 71,620 shares of company stock worth $1,770,970. 2.27% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Stock Up 2.5 %

Shares of NASDAQ:KTOS opened at $27.99 on Friday. The stock’s 50-day moving average is $25.27 and its 200 day moving average is $22.70. The company has a market cap of $4.23 billion, a PE ratio of 279.90 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.62.

Analysts Set New Price Targets

KTOS has been the subject of several research reports. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Truist Financial reaffirmed a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. JMP Securities upped their price target on shares of 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. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus price target of $25.40.

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.