Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Thomas E. Iv Mills Sells 11,516 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 11,516 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the sale, the insider now directly owns 12,315 shares in the company, valued at approximately $344,573.70. The trade was a 48.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $25.60 on Friday. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $28.71. The company has a 50 day moving average price of $25.65 and a 200 day moving average price of $23.04. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 256.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its stake in shares of Kratos Defense & Security Solutions by 101.9% during the second quarter. Van ECK Associates Corp now owns 744,100 shares of the aerospace company’s stock worth $14,889,000 after purchasing an additional 375,608 shares in the last quarter. American Capital Management Inc. lifted its position in Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after acquiring an additional 305,925 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Kratos Defense & Security Solutions by 12.2% in 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 period. Rockefeller Capital Management L.P. acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at approximately $6,310,000. Finally, Driehaus Capital Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 51.5% during the second quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock valued at $14,438,000 after purchasing an additional 245,422 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Robert W. Baird upped their price objective on 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. Finally, JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.