Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC reduced its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,616 shares of the aerospace company’s stock after selling 916 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Kratos Defense & Security Solutions were worth $2,065,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KTOS. Contravisory Investment Management Inc. grew its stake in Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 920 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $30,000. Point72 Hong Kong Ltd bought a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $36,000. Finally, EntryPoint Capital LLC raised its position in shares of Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after buying an additional 1,506 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Monday. JMP Securities lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday. Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Finally, Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.40.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 11,980 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of $20.89 per share, with a total value of $250,262.20. Following the transaction, the chief executive officer now directly owns 1,070,244 shares of the company’s stock, valued at $22,357,397.16. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total transaction of $134,460.00. Following the transaction, the chief financial officer now owns 285,905 shares in the company, valued at $6,407,131.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric M. Demarco acquired 11,980 shares of the stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of $20.89 per share, for a total transaction of $250,262.20. Following the completion of the transaction, the chief executive officer now owns 1,070,244 shares in the company, valued at approximately $22,357,397.16. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 71,236 shares of company stock valued at $1,641,591. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 1.7 %

NASDAQ KTOS opened at $27.73 on Thursday. The business’s 50-day moving average is $23.93 and its 200 day moving average is $21.91. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.62. 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 stock has a market capitalization of $4.19 billion, a PE ratio of 277.33 and a beta of 1.02.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.