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

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

Several other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its position in Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 610 shares in the last quarter. Hemington Wealth Management increased its stake in shares of 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 purchasing an additional 631 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $39,000. Capital Advisors Ltd. LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth $53,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth $55,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insiders Place Their Bets

In related news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the transaction, the insider now directly owns 370,660 shares of the company’s stock, valued at $9,114,529.40. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Phillip D. Carrai sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 in the company, valued at $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KTOS. Royal Bank of Canada decreased their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. Finally, Truist Financial raised their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $31.70 on Friday. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 317.03 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.05 and a twelve month high of $35.66. The company’s fifty day moving average is $30.43 and its 200 day moving average is $26.96. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions 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.