IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 23,547 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 219.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,288 shares of the aerospace company’s stock after acquiring an additional 23,547 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Kratos Defense & Security Solutions were worth $905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KTOS. WealthPlan Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at about $461,000. Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $207,000. Lord Abbett & CO. LLC boosted its stake in shares of Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after acquiring an additional 86,567 shares during the period. MRA Advisory Group acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC raised its stake in Kratos Defense & Security Solutions by 121.3% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after acquiring an additional 16,650 shares during the period. Institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the sale, the insider now owns 263,283 shares of the company’s stock, valued at approximately $6,932,241.39. This trade represents a 7.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric M. Demarco purchased 9,500 shares of the stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $26.35 per share, with a total value of $250,325.00. Following the acquisition, the chief executive officer now directly owns 1,267,482 shares in the company, valued at $33,398,150.70. This represents a 0.76 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 110,196 shares of company stock valued at $3,144,160 over the last quarter. 2.27% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Trading Up 0.2 %

Shares of NASDAQ:KTOS opened at $31.47 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 $17.05 and a 1 year high of $35.66. The company has a market capitalization of $4.81 billion, a P/E ratio of 314.73 and a beta of 1.12. The business’s 50 day simple moving average is $30.40 and its 200 day simple moving average is $27.31.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of research analyst reports. Truist Financial lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada reduced their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Robert W. Baird raised 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 research report on Tuesday, January 14th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. lifted their price target 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

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.