Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lowered its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 28.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 986,126 shares of the aerospace company's stock after selling 401,782 shares during the quarter. Kratos Defense & Security Solutions makes up approximately 1.6% of Emerald Mutual Fund Advisers Trust's holdings, making the stock its 11th largest position. Emerald Mutual Fund Advisers Trust owned approximately 0.65% of Kratos Defense & Security Solutions worth $26,014,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KTOS. Jones Financial Companies Lllp boosted its holdings in shares of Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 610 shares during the period. Hemington Wealth Management lifted its position in Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after purchasing an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC acquired a new position in Kratos Defense & Security Solutions during the 4th quarter valued at about $53,000. SBI Securities Co. Ltd. bought a new position in Kratos Defense & Security Solutions in the 4th quarter worth about $55,000. Finally, MRP Capital Investments LLC increased its stake in shares of Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 500 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KTOS shares. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. raised their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Royal Bank of Canada reduced their price target on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Finally, Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.13.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $33.59 on Monday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.76 and a 1 year high of $35.66. The business's fifty day moving average is $29.94 and its two-hundred day moving average is $28.63. The stock has a market capitalization of $5.15 billion, a P/E ratio of 335.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 8,637 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total value of $234,408.18. Following the transaction, the insider now directly owns 12,215 shares of the company's stock, valued at $331,515.10. This represents a 41.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $32.88, for a total transaction of $131,520.00. Following the completion of the sale, the insider now directly owns 106,906 shares of the company's stock, valued at approximately $3,515,069.28. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,168 shares of company stock valued at $2,293,480 over the last three months. Company insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Profile

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.

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