Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 42.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,913 shares of the aerospace company’s stock after selling 38,840 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Kratos Defense & Security Solutions were worth $1,369,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 920 shares during the last quarter. Hemington Wealth Management raised its holdings in shares of Kratos Defense & Security Solutions by 86.6% in the fourth 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 last quarter. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions in the third quarter valued at $39,000. Meeder Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions in the third quarter valued at $53,000. Finally, Capital Advisors Ltd. LLC acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at $53,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.96, for a total value of $41,940.00. Following the completion of the sale, the senior vice president now owns 55,631 shares of the company’s stock, valued at $1,555,442.76. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value 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 position. The disclosure for this sale can be found here. Insiders sold 89,181 shares of company stock valued at $2,570,686 over the last quarter. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

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

Wall Street Analyst Weigh In

Several research firms recently commented on KTOS. Jefferies Financial Group upped their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Truist Financial upped their target price on 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. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price 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.