Bouvel Investment Partners LLC Sells 916 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Bouvel Investment Partners LLC reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,616 shares of the aerospace company’s stock after selling 916 shares during the period. Bouvel Investment Partners LLC owned 0.06% of Kratos Defense & Security Solutions worth $2,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after buying an additional 920 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth approximately $30,000. Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $36,000. Finally, EntryPoint Capital LLC lifted its position in Kratos Defense & Security Solutions by 179.1% during the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock valued at $43,000 after acquiring an additional 1,506 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Insider Transactions at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $22.96, for a total value of $137,760.00. Following the completion of the transaction, the chief financial officer now owns 273,881 shares of the company’s stock, valued at approximately $6,288,307.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Eric M. Demarco bought 11,980 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, August 21st. The stock was acquired at an average price of $20.89 per share, with a total value of $250,262.20. Following the completion of the acquisition, the chief executive officer now directly owns 1,070,244 shares of the company’s stock, valued at $22,357,397.16. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $22.96, for a total value of $137,760.00. Following the transaction, the chief financial officer now owns 273,881 shares in the company, valued at approximately $6,288,307.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,236 shares of company stock valued at $1,641,591 in the last ninety days. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $27.73 on Thursday. The company has a 50 day moving average price of $23.93 and a 200-day moving average price of $21.91. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $28.62. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 277.33 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JMP Securities boosted their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday. Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Benchmark reissued a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, Truist Financial restated a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.40.

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.