Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells 884 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 884 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $25.53, for a total value of $22,568.52. Following the transaction, the senior vice president now owns 57,038 shares of the company’s stock, valued at $1,456,180.14. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Marie Mendoza also recently made the following trade(s):

• On Tuesday, October 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $24.96, for a total transaction of $33,820.80.
• On Tuesday, October 1st, Marie Mendoza sold 2,423 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $25.00, for a total transaction of $60,575.00.
• On Monday, September 16th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $22.12, for a total transaction of $29,972.60.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $24.42 on Friday. The firm’s 50 day moving average price is $24.07 and its two-hundred day moving average price is $21.97. The stock has a market cap of $3.69 billion, a PE ratio of 244.22 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.71 and a 52-week high of $28.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of research analyst reports. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. JMP Securities raised their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. Finally, StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $25.40.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after buying an additional 29,278 shares during the last quarter. Barclays PLC raised its position in shares of Kratos Defense & Security Solutions by 239.5% in the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after acquiring an additional 192,667 shares during the period. Main Management ETF Advisors LLC bought a new position in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $1,772,000. XTX Topco Ltd acquired a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $606,000. Finally, Weiss Asset Management LP bought a new stake in Kratos Defense & Security Solutions in the third quarter valued at approximately $402,000. 75.92% of the stock is owned by institutional investors and hedge funds.

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.