Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC cut its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,034,200 shares of the aerospace company’s stock after selling 185,174 shares during the period. Kratos Defense & Security Solutions comprises about 2.5% of Cooper Creek Partners Management LLC’s holdings, making the stock its 14th largest position. Cooper Creek Partners Management LLC owned about 2.01% of Kratos Defense & Security Solutions worth $80,042,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rovida Investment Management Ltd purchased a new position in Kratos Defense & Security Solutions during the fourth quarter worth $46,789,000. Raymond James Financial Inc. purchased a new stake in Kratos Defense & Security Solutions during the 4th quarter worth about $28,944,000. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock worth $388,301,000 after purchasing an additional 701,216 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in Kratos Defense & Security Solutions in the 4th quarter valued at about $15,631,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $15,617,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KTOS shares. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. raised their price objective on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial raised their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $33.24 on Friday. The business’s 50-day simple moving average is $29.46 and its 200 day simple moving average is $28.01. The company has a market cap of $5.08 billion, a P/E ratio of 332.43 and a beta of 1.01. 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 $17.05 and a one year high of $35.66.

Insider Activity

In other news, insider Phillip D. Carrai sold 20,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total transaction of $526,600.00. Following the sale, the insider now directly owns 263,283 shares of the company’s stock, valued at approximately $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas E. Iv Mills sold 8,637 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total value of $234,408.18. Following the completion of the transaction, the insider now owns 12,215 shares in the company, valued at approximately $331,515.10. This trade represents a 41.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,668 shares of company stock worth $2,377,610 over the last 90 days. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions 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.