Headlands Technologies LLC Purchases 20,566 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Headlands Technologies LLC raised its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1,179.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,310 shares of the aerospace company’s stock after acquiring an additional 20,566 shares during the period. Headlands Technologies LLC’s holdings in Kratos Defense & Security Solutions were worth $589,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. WealthPlan Investment Management LLC bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $461,000. Cornell Pochily Investment Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $207,000. Lord Abbett & CO. LLC increased its holdings in shares of Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after buying an additional 86,567 shares during the period. MRA Advisory Group bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at about $448,000. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in Kratos Defense & Security Solutions by 121.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after acquiring an additional 16,650 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $30.42 on Friday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.05 and a twelve month high of $35.66. The stock has a market capitalization of $4.65 billion, a PE ratio of 304.23 and a beta of 1.12. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average price is $29.98 and its 200-day moving average price is $27.60.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the sale, the senior vice president now owns 61,782 shares in the company, valued at approximately $2,057,340.60. This trade represents a 2.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $28.96, for a total transaction of $115,840.00. Following the completion of the transaction, the insider now owns 57,267 shares of the company’s stock, valued at approximately $1,658,452.32. The trade was a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,196 shares of company stock worth $3,079,290 in the last 90 days. 2.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KTOS shares. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada lowered their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Jefferies Financial Group upped their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Company Profile

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.