Dark Forest Capital Management LP Sells 51,779 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Dark Forest Capital Management LP reduced its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 60.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,248 shares of the aerospace company's stock after selling 51,779 shares during the period. Dark Forest Capital Management LP's holdings in Kratos Defense & Security Solutions were worth $877,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. WealthPlan Investment Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $461,000. Cornell Pochily Investment Advisors Inc. purchased a new position in Kratos Defense & Security Solutions in the fourth quarter worth $207,000. Lord Abbett & CO. LLC grew its position in Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock worth $15,501,000 after acquiring an additional 86,567 shares in the last quarter. MRA Advisory Group purchased a new position in Kratos Defense & Security Solutions in the fourth quarter worth $448,000. Finally, Robertson Stephens Wealth Management LLC grew its position in Kratos Defense & Security Solutions by 121.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock worth $801,000 after acquiring an additional 16,650 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Trading Up 1.9 %

Shares of NASDAQ:KTOS traded up $0.63 during midday trading on Tuesday, hitting $34.13. 311,600 shares of the stock traded hands, compared to its average volume of 1,615,110. The stock has a market capitalization of $5.23 billion, a PE ratio of 341.01 and a beta of 1.01. The business's 50 day moving average is $30.07 and its two-hundred day moving average is $28.69. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a one year low of $17.76 and a one year high of $35.66.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KTOS. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, Robert W. Baird boosted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.13.

Insider Activity

In other news, CEO Eric M. Demarco acquired 9,500 shares of the stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $26.35 per share, with a total value of $250,325.00. Following the completion of the purchase, the chief executive officer now owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. The trade was a 0.76 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David M. Carter sold 4,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $32.88, for a total transaction of $131,520.00. Following the transaction, the insider now directly owns 106,906 shares of the company's stock, valued at approximately $3,515,069.28. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,168 shares of company stock valued at $2,293,480. Insiders own 2.37% of the company's stock.

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.