Emerald Advisers LLC Reduces Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Emerald Advisers LLC lessened its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,619,694 shares of the aerospace company’s stock after selling 121,557 shares during the period. Kratos Defense & Security Solutions accounts for about 1.7% of Emerald Advisers LLC’s investment portfolio, making the stock its 9th largest holding. Emerald Advisers LLC’s holdings in Kratos Defense & Security Solutions were worth $42,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of KTOS. Victory Capital Management Inc. raised its holdings in Kratos Defense & Security Solutions by 27.0% in the 3rd quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company’s stock worth $560,000 after acquiring an additional 5,101 shares during the period. Natixis Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 16.7% during the third quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company’s stock valued at $415,000 after buying an additional 2,546 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Kratos Defense & Security Solutions by 12.0% during the third quarter. Pathstone Holdings LLC now owns 81,876 shares of the aerospace company’s stock valued at $1,908,000 after buying an additional 8,799 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at about $826,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company’s stock valued at $34,923,000 after buying an additional 35,421 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the sale, the senior vice president now directly owns 61,782 shares of the company’s stock, valued at approximately $2,057,340.60. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric M. Demarco acquired 9,500 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the purchase, the chief executive officer now directly owns 1,267,482 shares of the company’s stock, valued at approximately $33,398,150.70. The trade was a 0.76 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Robert W. Baird upped their price objective on shares of 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. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. Jefferies Financial Group upped their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report 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 given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $30.81 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 308.13 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.05 and a 1-year high of $35.66. The firm’s 50-day moving average price is $30.45 and its two-hundred day moving average price is $27.05.

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.