Pathstone Holdings LLC Grows Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Pathstone Holdings LLC boosted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 12.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 81,876 shares of the aerospace company’s stock after purchasing an additional 8,799 shares during the period. Pathstone Holdings LLC owned approximately 0.05% of Kratos Defense & Security Solutions worth $1,908,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of KTOS. Chesapeake Capital Corp IL boosted its stake in shares of Kratos Defense & Security Solutions by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 21,258 shares of the aerospace company’s stock worth $495,000 after buying an additional 4,638 shares during the period. Natixis Advisors LLC lifted its position in Kratos Defense & Security Solutions by 16.7% during the 3rd quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company’s stock worth $415,000 after acquiring an additional 2,546 shares during the period. Royce & Associates LP grew its stake in shares of Kratos Defense & Security Solutions by 1.9% in the 3rd quarter. Royce & Associates LP now owns 626,090 shares of the aerospace company’s stock valued at $14,588,000 after purchasing an additional 11,380 shares during the last quarter. KBC Group NV increased its holdings in shares of Kratos Defense & Security Solutions by 23.7% in the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock valued at $119,000 after purchasing an additional 976 shares during the period. Finally, MQS Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $205,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $22.12, for a total value of $29,972.60. Following the sale, the senior vice president now directly owns 61,963 shares in the company, valued at $1,370,621.56. This represents a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the senior vice president now owns 37,327 shares of the company’s stock, valued at $1,034,331.17. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,620 shares of company stock valued at $1,542,160. Insiders own 2.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KTOS. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Robert W. Baird boosted 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 note on Monday, September 23rd. Truist Financial restated a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Finally, B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Stock Up 3.1 %

Kratos Defense & Security Solutions stock opened at $27.24 on Wednesday. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 272.43 and a beta of 1.02. 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 fifty-two week low of $16.71 and a fifty-two week high of $28.62. The stock’s fifty day moving average is $24.53 and its two-hundred day moving average is $22.31.

Kratos Defense & Security Solutions Company 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.