6,072 Shares in Kratos Defense & Security Solutions, Inc. $KTOS Purchased by Caprock Group LLC

Caprock Group LLC acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 6,072 shares of the aerospace company’s stock, valued at approximately $555,000.

Other institutional investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $30,000. Rakuten Securities Inc. purchased a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at $31,000. Bayforest Capital Ltd purchased a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at $32,000. Whittier Trust Co. purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $38,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 515 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $87.40, for a total transaction of $349,600.00. Following the completion of the transaction, the insider directly owned 77,826 shares of the company’s stock, valued at $6,801,992.40. The trade was a 4.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scot B. Jarvis sold 5,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $88.40, for a total value of $442,000.00. Following the completion of the sale, the director directly owned 95,417 shares in the company, valued at $8,434,862.80. This represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 914,407 shares of company stock valued at $74,930,858. 2.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KTOS has been the subject of several recent analyst reports. Jefferies Financial Group restated a “hold” rating and set a $85.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. B. Riley Financial increased their price target on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Piper Sandler initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 price target on the stock. Citizens Jmp upped their price objective on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Finally, JonesTrading assumed coverage on Kratos Defense & Security Solutions in a research note on Monday, January 5th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.71.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $91.97 on Wednesday. The company has a market cap of $15.67 billion, a P/E ratio of 707.52 and a beta of 1.09. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $134.00. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $95.03 and its 200 day moving average price is $83.55.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.