Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $185,570.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $26.51, for a total transaction of $185,570.00. Following the sale, the insider now owns 349,406 shares of the company’s stock, valued at approximately $9,262,753.06. The trade was a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Stock Up 0.5 %

Shares of NASDAQ:KTOS opened at $27.09 on Friday. The firm has a market capitalization of $4.09 billion, a PE ratio of 270.90 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The firm’s 50-day moving average is $24.86 and its two-hundred day moving average is $22.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its holdings 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 purchasing an additional 304,088 shares during the period. Tidal Investments LLC increased its stake in shares of Kratos Defense & Security Solutions by 27.9% during the third quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock worth $495,000 after buying an additional 4,638 shares during the period. Geode Capital Management LLC raised its holdings in Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after acquiring an additional 29,278 shares in the last quarter. Barclays PLC lifted its stake in Kratos Defense & Security Solutions by 239.5% in the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock worth $6,363,000 after acquiring an additional 192,667 shares during the last quarter. Finally, Main Management ETF Advisors LLC acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $1,772,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on KTOS shares. JMP Securities raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. Benchmark reissued a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Finally, StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday. Six 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.