Bard Associates Inc. Sells 2,450 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Bard Associates Inc. lessened its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,398 shares of the aerospace company’s stock after selling 2,450 shares during the period. Bard Associates Inc. owned about 0.06% of Kratos Defense & Security Solutions worth $2,517,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wealth Quarterback LLC boosted its stake in Kratos Defense & Security Solutions by 3.9% during the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 528 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of 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. ORG Partners LLC boosted its position in shares of Kratos Defense & Security Solutions by 1.9% during the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after buying an additional 621 shares during the last quarter. Hemington Wealth Management raised 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 worth $35,000 after buying an additional 631 shares during the last quarter. Finally, VisionPoint Advisory Group LLC lifted its stake in Kratos Defense & Security Solutions by 7.5% during 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 during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 1.4 %

Shares of NASDAQ:KTOS opened at $26.01 on Tuesday. The stock has a 50 day moving average of $29.87 and a 200 day moving average of $26.34. The company has a market cap of $3.98 billion, a PE ratio of 260.13 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.78 and a 12-month high of $35.66. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.96, for a total transaction of $41,940.00. Following the transaction, the senior vice president now owns 55,631 shares in the company, valued at approximately $1,555,442.76. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric M. Demarco bought 9,500 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $26.35 per share, with a total value of $250,325.00. Following the acquisition, the chief executive officer now directly owns 1,267,482 shares in the company, valued at $33,398,150.70. This trade represents a 0.76 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 89,181 shares of company stock valued at $2,570,686 over the last 90 days. 2.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KTOS has been the subject of a number of research analyst reports. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. 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 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. Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their target price on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average 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.