Baader Bank Aktiengesellschaft Acquires Shares of 14,149 Kratos Defense & Security Solutions, Inc. $KTOS

Baader Bank Aktiengesellschaft bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,149 shares of the aerospace company’s stock, valued at approximately $1,293,000.

A number of other institutional investors have also modified their holdings of KTOS. Rovida Advisors Inc. acquired a new stake in Kratos Defense & Security Solutions in the second quarter valued at $82,315,000. Franklin Resources Inc. raised its stake in Kratos Defense & Security Solutions by 29.6% in the 2nd quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock valued at $236,268,000 after purchasing an additional 1,162,577 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth about $37,475,000. ARK Investment Management LLC grew its stake in Kratos Defense & Security Solutions by 22.2% in the 2nd quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock worth $209,382,000 after acquiring an additional 818,104 shares during the period. Finally, First Trust Advisors LP raised its holdings in Kratos Defense & Security Solutions by 29.1% in the 2nd quarter. First Trust Advisors LP now owns 2,370,085 shares of the aerospace company’s stock valued at $110,090,000 after acquiring an additional 533,912 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KTOS shares. KeyCorp boosted their price objective on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Piper Sandler initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 price objective for the company. The Goldman Sachs Group lifted their target price on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Monday, January 12th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $95.28.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider David M. Carter sold 4,000 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $87.40, for a total value of $349,600.00. Following the completion of the transaction, the insider owned 77,826 shares in the company, valued at approximately $6,801,992.40. This represents a 4.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $107.97, for a total transaction of $755,790.00. Following the completion of the transaction, the insider directly owned 341,631 shares of the company’s stock, valued at $36,885,899.07. This trade represents a 2.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 916,815 shares of company stock worth $75,023,021 in the last three months. Company insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $87.73 on Thursday. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 674.89 and a beta of 1.09. The business has a 50 day moving average price of $94.05 and a 200 day moving average price of $82.49. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a twelve month low of $23.90 and a twelve month high of $134.00.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.