Daiwa Securities Group Inc. Sells 5,443 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Daiwa Securities Group Inc. lessened its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,087 shares of the aerospace company’s stock after selling 5,443 shares during the period. Daiwa Securities Group Inc.’s holdings in Kratos Defense & Security Solutions were worth $2,449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. lifted its holdings in Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 444 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares in the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $36,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at about $53,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $22.41, for a total value of $134,460.00. Following the completion of the transaction, the chief financial officer now directly owns 285,905 shares in the company, valued at approximately $6,407,131.05. This trade represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the sale, the senior vice president now owns 37,327 shares in the company, valued at approximately $1,034,331.17. This trade represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,620 shares of company stock valued at $1,727,730. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Stock Down 1.1 %

Shares of NASDAQ KTOS opened at $26.95 on Thursday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 269.53 and a beta of 1.02. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $28.62. The stock has a 50-day moving average price of $24.70 and a two-hundred day moving average price of $22.39.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KTOS. Truist Financial reiterated a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. JMP Securities boosted their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Finally, Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Profile

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.