Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $181,860.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $25.98, for a total value of $181,860.00. Following the completion of the transaction, the insider now directly owns 342,407 shares in the company, valued at approximately $8,895,733.86. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS traded down $0.14 during midday trading on Tuesday, reaching $26.38. 892,123 shares of the company traded hands, compared to its average volume of 1,131,937. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 263.83 and a beta of 1.07. The company has a fifty day moving average price of $25.83 and a 200 day moving average price of $23.35. 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 twelve month low of $16.71 and a twelve month high of $28.71.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the company. Contravisory Investment Management Inc. lifted its position in 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 valued at $25,000 after purchasing an additional 444 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $36,000. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $39,000. Finally, Meeder Asset Management Inc. bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $53,000. Institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

KTOS has been the topic of several recent analyst reports. JMP Securities upped their price target on shares of 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. 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. Truist Financial reaffirmed a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Finally, Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.40.

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.