Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,917,815 shares of the aerospace company’s stock after selling 57,213 shares during the period. ARK Investment Management LLC owned approximately 2.59% of Kratos Defense & Security Solutions worth $103,352,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Rothschild Investment LLC increased its holdings in Kratos Defense & Security Solutions by 370.0% in the 4th quarter. Rothschild Investment LLC now owns 2,585 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 2,035 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at $53,000. VisionPoint Advisory Group LLC increased its holdings in Kratos Defense & Security Solutions by 7.5% in the 4th quarter. VisionPoint Advisory Group LLC now owns 9,433 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 655 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Kratos Defense & Security Solutions in the 4th quarter valued at about $264,000. Finally, Meitav Investment House Ltd. purchased a new position in Kratos Defense & Security Solutions in the 4th quarter valued at about $390,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $25.11 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66. The company’s 50-day simple moving average is $29.90 and its 200-day simple moving average is $26.14. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 251.13 and a beta of 1.10.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 8,637 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value of $234,408.18. Following the transaction, the insider now owns 12,215 shares of the company’s stock, valued at $331,515.10. This trade represents a 41.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $25.98, for a total transaction of $181,860.00. Following the completion of the transaction, the insider now directly owns 342,407 shares in the company, valued at $8,895,733.86. This represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,181 shares of company stock valued at $2,665,856 over the last quarter. Insiders own 2.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group upped their price objective on shares of 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. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.67.

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.