Peregrine Capital Management LLC Has $7.51 Million Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Peregrine Capital Management LLC decreased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 284,841 shares of the aerospace company’s stock after selling 29,672 shares during the period. Peregrine Capital Management LLC owned about 0.19% of Kratos Defense & Security Solutions worth $7,514,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 920 shares in the last quarter. Hemington Wealth Management lifted its stake in Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 631 shares during the period. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions during the third quarter valued at approximately $39,000. Meeder Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $53,000. Finally, Contravisory Investment Management Inc. grew its stake in shares of Kratos Defense & Security Solutions by 229.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KTOS. Robert W. Baird boosted their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Jefferies Financial Group upped their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, Truist Financial boosted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Five research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.30.

Kratos Defense & Security Solutions Trading Down 0.4 %

Shares of KTOS opened at $27.05 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.78 and a 12-month high of $35.66. The firm has a market capitalization of $4.10 billion, a PE ratio of 270.53 and a beta of 1.10. 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 stock’s fifty day simple moving average is $30.03 and its 200-day simple moving average is $25.94.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $26.73, for a total value of $106,920.00. Following the sale, the insider now owns 47,007 shares of the company’s stock, valued at $1,256,497.11. This trade represents a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $26.51, for a total value of $185,570.00. Following the transaction, the insider now directly owns 349,406 shares of the company’s stock, valued at $9,262,753.06. This represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,044 shares of company stock worth $2,576,338. 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.