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

Driehaus Capital Management LLC trimmed its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 615,569 shares of the aerospace company's stock after selling 112,292 shares during the quarter. Driehaus Capital Management LLC owned about 0.41% of Kratos Defense & Security Solutions worth $16,239,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other hedge funds and other institutional investors have also recently bought and sold shares of KTOS. Jones Financial Companies Lllp grew its stake in shares of Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management boosted its position 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 in the last quarter. Capital Advisors Ltd. LLC acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at $53,000. SBI Securities Co. Ltd. purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $55,000. Finally, MRP Capital Investments LLC raised its stake in shares of Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after buying an additional 500 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total transaction of $40,680.00. Following the completion of the transaction, the senior vice president now owns 60,443 shares in the company, valued at approximately $1,639,214.16. The trade was a 2.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stacey G. Rock sold 4,000 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $33.91, for a total transaction of $135,640.00. Following the completion of the sale, the insider now directly owns 53,812 shares of the company's stock, valued at $1,824,764.92. The trade was a 6.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,168 shares of company stock worth $2,537,940 in the last 90 days. 2.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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KTOS has been the subject of several research reports. Benchmark lifted their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday. StockNews.com raised shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Robert W. Baird lifted their price target 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. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.75.

Get Our Latest Stock Analysis on Kratos Defense & Security Solutions

Kratos Defense & Security Solutions Price Performance

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Shares of KTOS stock opened at $34.22 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. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $36.85. The firm has a fifty day moving average of $31.62 and a two-hundred day moving average of $29.19. The firm has a market cap of $5.25 billion, a P/E ratio of 342.23 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The firm had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. As a group, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions Company 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.

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