Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC lowered its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,917,815 shares of the aerospace company’s stock after selling 57,213 shares during the quarter. ARK Investment Management LLC’s holdings in Kratos Defense & Security Solutions were worth $103,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in KTOS. TimesSquare Capital Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $15,617,000. Van ECK Associates Corp increased its stake in shares of Kratos Defense & Security Solutions by 45.3% in the fourth quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company’s stock valued at $34,087,000 after purchasing an additional 402,588 shares during the period. American Capital Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 12.8% in the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after purchasing an additional 305,925 shares during the period. Franklin Resources Inc. increased its stake in shares of Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $6,310,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insider Buying and Selling

In related news, insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total value of $106,920.00. Following the completion of the transaction, the insider now owns 47,007 shares of the company’s stock, valued at approximately $1,256,497.11. This trade represents a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the transaction, the vice president now directly owns 51,121 shares of the company’s stock, valued at $1,533,630. This represents a 27.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,181 shares of company stock worth $2,665,856. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 3.0 %

Shares of NASDAQ:KTOS opened at $25.11 on Wednesday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 251.13 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.78 and a 1-year high of $35.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a 50 day moving average price of $29.90 and a 200 day moving average price of $26.14.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KTOS shares. Jefferies Financial Group raised their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the company from $26.00 to $35.00 in a research note on Monday, January 13th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, Robert W. Baird raised their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.

About Kratos Defense & Security Solutions

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.