SBI Securities Co. Ltd. Purchases New Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

SBI Securities Co. Ltd. acquired a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,095 shares of the aerospace company’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position 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 worth $25,000 after buying an additional 920 shares during the period. Jones Financial Companies Lllp boosted its stake in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 610 shares during the last quarter. Hemington Wealth Management grew its holdings in Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 631 shares during the period. Truvestments Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $39,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $53,000. 75.92% of the stock is owned by institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the transaction, the senior vice president now directly owns 61,782 shares of the company’s stock, valued at $2,057,340.60. The trade was a 2.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas E. Iv Mills sold 11,516 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the sale, the insider now directly owns 12,315 shares of the company’s stock, valued at $344,573.70. The trade was a 48.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,181 shares of company stock worth $3,256,346 in the last quarter. Company insiders own 2.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on KTOS. JPMorgan Chase & Co. lifted their price objective on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. 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. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on shares of 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. Finally, Truist Financial upped their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average price target of $32.00.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $29.18 on Tuesday. The business’s 50 day simple moving average is $29.96 and its 200 day simple moving average is $26.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66. The stock has a market capitalization of $4.46 billion, a PE ratio of 291.83 and a beta of 1.12.

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.