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

Proficio Capital Partners LLC purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 43,817 shares of the aerospace company’s stock, valued at approximately $1,156,000.

Other hedge funds have also recently made changes to their positions in the company. Wealth Quarterback LLC lifted its position in Kratos Defense & Security Solutions by 3.9% in the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 528 shares in the last quarter. ORG Partners LLC lifted its position in Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after acquiring an additional 621 shares in the last quarter. 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 acquiring an additional 631 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position in Kratos Defense & Security Solutions by 7.5% in the 4th quarter. VisionPoint Advisory Group LLC now owns 9,433 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 655 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings 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 during the period. 75.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the sale, the insider now owns 103,430 shares in the company, valued at approximately $2,739,860.70. This represents a 3.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction 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 sale, the insider now owns 263,283 shares of the company’s stock, valued at $6,932,241.39. The trade was a 7.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,181 shares of company stock worth $3,256,346. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 1.5 %

Shares of KTOS stock opened at $27.29 on Friday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.78 and a 52-week high of $35.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The firm has a market capitalization of $4.17 billion, a PE ratio of 272.93 and a beta of 1.12. The stock has a fifty day simple moving average of $29.90 and a two-hundred day simple moving average of $26.43.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KTOS. Royal Bank of Canada lowered their price target 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. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Financial Group increased their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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.