Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC decreased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,256,389 shares of the aerospace company's stock after selling 27,919 shares during the period. Kratos Defense & Security Solutions accounts for 1.5% of Stephens Investment Management Group LLC's portfolio, making the stock its 5th largest position. Stephens Investment Management Group LLC owned about 2.82% of Kratos Defense & Security Solutions worth $112,284,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC boosted its position in shares of Kratos Defense & Security Solutions by 125.2% during the 2nd quarter. AQR Capital Management LLC now owns 37,116 shares of the aerospace company's stock valued at $743,000 after purchasing an additional 20,635 shares in the last quarter. Creative Planning boosted its stake in Kratos Defense & Security Solutions by 57.6% during the second quarter. Creative Planning now owns 24,540 shares of the aerospace company's stock worth $491,000 after buying an additional 8,969 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at $102,000. Cubist Systematic Strategies LLC bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth about $107,000. Finally, Contravisory Investment Management Inc. grew its position in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded down $1.06 during mid-day trading on Wednesday, reaching $31.01. The company's stock had a trading volume of 1,902,225 shares, compared to its average volume of 2,163,388. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 310.13 and a beta of 1.10. The business has a 50 day moving average price of $29.97 and a 200-day moving average price of $25.77. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month high of $35.66.

Analyst Ratings Changes

Several equities research analysts have weighed in on KTOS shares. Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Jefferies Financial Group lifted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, December 13th. 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 research note on Tuesday, January 14th. JMP Securities boosted their target price on shares of Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a "market outperform" rating in a report on Tuesday, February 4th. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their target price for the company from $26.00 to $35.00 in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.30.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider David M. Carter sold 4,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $32.88, for a total transaction of $131,520.00. Following the completion of the transaction, the insider now directly owns 106,906 shares in the company, valued at $3,515,069.28. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $32.89, for a total value of $197,340.00. Following the sale, the chief financial officer now directly owns 292,873 shares in the company, valued at $9,632,592.97. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,428 shares of company stock worth $2,686,406. 2.27% of the stock is owned by insiders.

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.