Oppenheimer & Co. Inc. Decreases Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Oppenheimer & Co. Inc. lessened its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 44.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,753 shares of the aerospace company’s stock after selling 72,816 shares during the period. Oppenheimer & Co. Inc. owned about 0.06% of Kratos Defense & Security Solutions worth $2,115,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Westwood Holdings Group Inc. purchased a new position in Kratos Defense & Security Solutions in the first quarter valued at $46,177,000. Vanguard Group Inc. boosted its position in shares of Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after acquiring an additional 1,807,580 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 108.7% in the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after acquiring an additional 1,331,499 shares during the last quarter. Bamco Inc. NY raised its position in shares of Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after acquiring an additional 511,538 shares in the last quarter. Finally, Archon Capital Management LLC lifted its stake in Kratos Defense & Security Solutions by 1,102.5% during the first quarter. Archon Capital Management LLC now owns 450,487 shares of the aerospace company’s stock worth $8,280,000 after purchasing an additional 413,026 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JMP Securities raised their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. Benchmark reissued 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. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Truist Financial reiterated a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, five 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 currently has a consensus rating of “Moderate Buy” and an average target price of $25.40.

Insiders Place Their Bets

In related news, SVP Benjamin M. Goodwin sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on 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 directly owns 37,327 shares in the company, valued at $1,034,331.17. The trade was a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric M. Demarco acquired 11,980 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $20.89 per share, for a total transaction of $250,262.20. Following the acquisition, the chief executive officer now directly owns 1,070,244 shares of the company’s stock, valued at $22,357,397.16. This trade represents a 1.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 71,620 shares of company stock worth $1,700,220. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $24.42 on Friday. 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 business has a 50 day simple moving average of $24.07 and a 200-day simple moving average of $21.97. 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 market capitalization of $3.69 billion, a PE ratio of 244.20 and a beta of 1.02.

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.