MQS Management LLC Takes $205,000 Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

MQS Management LLC bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the third quarter, HoldingsChannel.com reports. The fund bought 8,788 shares of the aerospace company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. raised its holdings 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 period. Farther Finance Advisors LLC increased 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 purchasing an additional 920 shares during the period. MFA Wealth Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $30,000. Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $36,000. Finally, EntryPoint Capital LLC increased its holdings in shares of Kratos Defense & Security Solutions by 179.1% during the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 1,506 shares during the period. 75.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Truist Financial reiterated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. JMP Securities increased their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Finally, B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $24.42 on Friday. The firm has a market capitalization of $3.69 billion, a P/E ratio of 244.22 and a beta of 1.02. The company’s 50 day moving average price is $24.00 and its two-hundred day moving average price is $21.93. 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 fifty-two week low of $16.71 and a fifty-two week high of $28.62.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 11,980 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price of $20.89 per share, for a total transaction of $250,262.20. Following the completion of the acquisition, the chief executive officer now owns 1,070,244 shares in the company, valued at approximately $22,357,397.16. This trade represents a 1.13 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction on Friday, November 15th. The stock was sold at an average price of $25.00, for a total transaction of $87,500.00. Following the transaction, the insider now owns 265,499 shares in the company, valued at approximately $6,637,475. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,620 shares of company stock worth $1,700,220. Company insiders own 2.27% of the company’s stock.

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.