Cibc World Markets Corp Makes New $365,000 Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Cibc World Markets Corp purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 13,847 shares of the aerospace company’s stock, valued at approximately $365,000.

Several other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in Kratos Defense & Security Solutions by 90.5% in 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 boosted its stake in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 631 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $39,000. Capital Advisors Ltd. LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at about $53,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $55,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 5.6 %

Kratos Defense & Security Solutions stock opened at $32.53 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.05 and a 12 month high of $35.66. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 325.33 and a beta of 1.12. The business has a 50 day moving average price of $30.49 and a two-hundred day moving average price of $27.16. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

Several brokerages have commented on KTOS. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report 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. Royal Bank of Canada cut their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.67.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the transaction, the insider now owns 263,283 shares in the company, valued at $6,932,241.39. This trade represents a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the sale, the insider now owns 370,660 shares in the company, valued at approximately $9,114,529.40. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,196 shares of company stock valued at $3,144,160 over the last ninety days. 2.27% of the stock is owned by company insiders.

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.