Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,961 shares of the aerospace company’s stock after acquiring an additional 3,294 shares during the period. Avantax Advisory Services Inc.’s holdings in Kratos Defense & Security Solutions were worth $579,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KTOS. Jones Financial Companies Lllp boosted 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 worth $34,000 after purchasing an additional 610 shares in the last quarter. Hemington Wealth Management grew its position in 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 period. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions during the third quarter worth $39,000. Capital Advisors Ltd. LLC purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at $53,000. Finally, SBI Securities Co. Ltd. purchased a new position in Kratos Defense & Security Solutions during the fourth quarter worth about $55,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on KTOS shares. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Royal Bank of Canada reduced their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Robert W. Baird increased their price target 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. One investment 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. According to MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus price target of $32.67.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 8,637 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total transaction of $234,408.18. Following the sale, the insider now directly owns 12,215 shares of the company’s stock, valued at approximately $331,515.10. This represents a 41.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $31.38, for a total value of $188,280.00. Following the transaction, the insider now owns 293,897 shares of the company’s stock, valued at approximately $9,222,487.86. The trade was a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,196 shares of company stock worth $3,144,160. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $30.81 on Friday. 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 1-year low of $17.05 and a 1-year high of $35.66. The firm has a market capitalization of $4.71 billion, a P/E ratio of 308.13 and a beta of 1.12. The business’s 50-day simple moving average is $30.45 and its 200-day simple moving average is $27.05.

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.