Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider David M. Carter Sells 4,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the transaction, the insider now directly owns 103,430 shares of the company’s stock, valued at $2,739,860.70. The trade was a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS traded up $1.10 on Friday, reaching $27.48. 931,434 shares of the company’s stock traded hands, compared to its average volume of 904,217. The stock has a market cap of $4.15 billion, a PE ratio of 274.83 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $28.71. The stock has a 50-day simple moving average of $26.04 and a 200 day simple moving average of $23.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the business. BancFirst Trust & Investment Management bought a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $647,000. JPMorgan Chase & Co. lifted its stake in shares of Kratos Defense & Security Solutions by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company’s stock valued at $5,820,000 after acquiring an additional 3,770 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in 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 valued at $15,501,000 after acquiring an additional 86,567 shares during the period. Franklin Resources Inc. grew its position in Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after acquiring an additional 304,088 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in Kratos Defense & Security Solutions by 27.9% in the 3rd quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock worth $495,000 after purchasing an additional 4,638 shares during the period. Institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KTOS. Robert W. Baird raised their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. 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. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial reiterated 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. Finally, Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average 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.