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

Peregrine Capital Management LLC reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 352,071 shares of the aerospace company's stock after selling 107,569 shares during the period. Peregrine Capital Management LLC owned approximately 0.27% of Kratos Defense & Security Solutions worth $7,144,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KTOS. Sequoia Financial Advisors LLC purchased a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $1,279,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Kratos Defense & Security Solutions by 6.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,415 shares of the aerospace company's stock valued at $1,206,000 after buying an additional 3,685 shares in the last quarter. Arkadios Wealth Advisors increased its stake in Kratos Defense & Security Solutions by 1.3% in the 4th quarter. Arkadios Wealth Advisors now owns 57,081 shares of the aerospace company's stock worth $1,158,000 after acquiring an additional 743 shares during the last quarter. Canal Insurance CO increased its stake in Kratos Defense & Security Solutions by 4.6% in the 4th quarter. Canal Insurance CO now owns 164,219 shares of the aerospace company's stock worth $3,332,000 after acquiring an additional 7,219 shares during the last quarter. Finally, Veracity Capital LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $299,000. Hedge funds and other institutional investors own 75.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KTOS shares. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. Benchmark increased their price target on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. The Goldman Sachs Group boosted their price objective on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 20th. Finally, Jefferies Financial Group decreased their price objective on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a "hold" rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $21.14.

Kratos Defense & Security Solutions Trading Up 0.7 %

Shares of NASDAQ:KTOS traded up $0.13 during trading hours on Thursday, hitting $18.23. 1,236,621 shares of the company's stock traded hands, compared to its average volume of 1,334,597. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.50. The business has a fifty day moving average price of $18.28 and a 200-day moving average price of $18.22. Kratos Defense & Security Solutions, Inc. has a 1 year low of $12.12 and a 1 year high of $21.60. The firm has a market capitalization of $2.72 billion, a P/E ratio of -303.78 and a beta of 0.80.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $273.80 million during the quarter, compared to analysts' expectations of $253.39 million. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. Kratos Defense & Security Solutions's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. Equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current year.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, January 29th. The stock was sold at an average price of $17.34, for a total transaction of $121,380.00. Following the completion of the sale, the insider now directly owns 352,641 shares of the company's stock, valued at approximately $6,114,794.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $17.34, for a total transaction of $121,380.00. Following the sale, the insider now owns 352,641 shares of the company's stock, valued at approximately $6,114,794.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Phillip D. Carrai sold 3,500 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $17.40, for a total transaction of $60,900.00. Following the completion of the sale, the insider now owns 292,944 shares in the company, valued at $5,097,225.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,038 shares of company stock valued at $738,519. 2.06% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.