Proficio Capital Partners LLC Takes $1.16 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Proficio Capital Partners LLC bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, Holdings Channel reports. The fund bought 43,817 shares of the aerospace company’s stock, valued at approximately $1,156,000.

A number of other hedge funds have also added to or reduced their stakes in KTOS. TimesSquare Capital Management LLC bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $15,617,000. Van ECK Associates Corp increased its stake in Kratos Defense & Security Solutions by 45.3% in the fourth quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company’s stock valued at $34,087,000 after purchasing an additional 402,588 shares in the last quarter. American Capital Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 12.8% during the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after purchasing an additional 305,925 shares during the period. Franklin Resources Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 12.2% during the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $6,310,000. 75.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KTOS. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Royal Bank of Canada cut their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the company from $26.00 to $35.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the transaction, the insider now directly owns 263,283 shares of the company’s stock, valued at $6,932,241.39. This represents a 7.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Marie Mendoza sold 2,031 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, March 17th. The stock was sold at an average price of $31.36, for a total value of $63,692.16. Following the sale, the senior vice president now owns 69,288 shares in the company, valued at $2,172,871.68. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,196 shares of company stock valued at $3,144,160 over the last ninety days. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $31.70 on Friday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.05 and a 1 year high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 317.03 and a beta of 1.12. The firm’s fifty day moving average price is $30.43 and its two-hundred day moving average price is $26.96.

Kratos Defense & Security Solutions Company 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.