Sugar Maple Asset Management LLC Acquires New Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sugar Maple Asset Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,000 shares of the aerospace company’s stock, valued at approximately $132,000.

Several other large investors also recently added to or reduced their stakes in KTOS. American Capital Management Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 12.8% in the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after acquiring an additional 305,925 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after acquiring an additional 304,088 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $6,310,000. Driehaus Capital Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 51.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock valued at $14,438,000 after acquiring an additional 245,422 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock valued at $93,966,000 after acquiring an additional 233,051 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on KTOS shares. JMP Securities boosted their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Jefferies Financial Group boosted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Truist Financial boosted their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.30.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $33.62 on Tuesday. The stock has a market cap of $5.08 billion, a P/E ratio of 336.23 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $34.83. 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 business’s 50 day moving average price is $27.62 and its 200-day moving average price is $24.39.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $24.01, for a total transaction of $168,070.00. Following the transaction, the insider now directly owns 356,414 shares of the company’s stock, valued at $8,557,500.14. This represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the transaction, the vice president now directly owns 51,121 shares in the company, valued at $1,533,630. The trade was a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,428 shares of company stock valued at $2,661,646. 2.27% of the stock is owned by corporate insiders.

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.