Mirae Asset Global Investments Co. Ltd. Invests $100,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Mirae Asset Global Investments Co. Ltd. acquired a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,785 shares of the aerospace company’s stock, valued at approximately $100,000.

A number of other institutional investors also recently bought and sold shares of KTOS. Farther Finance Advisors LLC lifted its stake in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after buying an additional 920 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at about $39,000. Meeder Asset Management Inc. bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth about $53,000. Contravisory Investment Management Inc. grew its position in shares of Kratos Defense & Security Solutions by 229.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Sugar Maple Asset Management LLC bought a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at approximately $132,000. 75.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider David M. Carter sold 4,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.49, for a total value of $105,960.00. Following the sale, the insider now owns 103,430 shares of the company’s stock, valued at approximately $2,739,860.70. This represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $32.89, for a total transaction of $197,340.00. Following the transaction, the chief financial officer now directly owns 292,873 shares of the company’s stock, valued at approximately $9,632,592.97. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,044 shares of company stock worth $2,576,338 over the last three months. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $27.16 on Friday. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 271.63 and a beta of 1.10. 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 business has a 50 day simple moving average of $30.05 and a 200-day simple moving average of $25.82. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66.

Analysts Set New Price Targets

Several research firms have weighed in on KTOS. Jefferies Financial Group upped their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. JMP Securities boosted their price target on shares of Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 4th. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.30.

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.