6,072 Shares in Kratos Defense & Security Solutions, Inc. $KTOS Bought by Caprock Group LLC

Caprock Group LLC bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 6,072 shares of the aerospace company’s stock, valued at approximately $555,000.

A number of other institutional investors also recently bought and sold shares of KTOS. Amalgamated Bank boosted its stake in Kratos Defense & Security Solutions by 57.7% during the 3rd quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock worth $6,732,000 after purchasing an additional 26,946 shares during the period. Mission Wealth Management LP acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at about $1,828,000. Baillie Gifford & Co. acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at about $19,048,000. ARK Investment Management LLC raised its stake in Kratos Defense & Security Solutions by 22.2% during the 2nd quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after acquiring an additional 818,104 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $17,922,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Up 3.3%

KTOS stock opened at $91.97 on Wednesday. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $95.03 and its 200 day moving average price is $83.55. Kratos Defense & Security Solutions, Inc. has a 52 week low of $23.90 and a 52 week high of $134.00. The company has a market cap of $15.67 billion, a P/E ratio of 707.52 and a beta of 1.09.

Analyst Upgrades and Downgrades

KTOS has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their target price on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. B. Riley Financial boosted their price objective on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Citizens Jmp raised their target price on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. BNP Paribas Exane set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Finally, BTIG Research increased their price target on shares of Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average target price of $94.71.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $87.40, for a total value of $349,600.00. Following the sale, the insider owned 77,826 shares of the company’s stock, valued at approximately $6,801,992.40. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $107.97, for a total value of $755,790.00. Following the completion of the transaction, the insider owned 341,631 shares of the company’s stock, valued at approximately $36,885,899.07. This represents a 2.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 914,407 shares of company stock worth $74,930,858. 2.37% of the stock is owned by insiders.

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.