Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco Buys 9,500 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco purchased 9,500 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the purchase, the chief executive officer now owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. The trade was a 0.76 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $26.01 on Tuesday. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66. The stock’s 50-day moving average price is $29.87 and its 200-day moving average price is $26.34. The stock has a market capitalization of $3.98 billion, a PE ratio of 260.13 and a beta of 1.10.

Institutional Trading of Kratos Defense & Security Solutions

Several institutional investors have recently bought and sold shares of the business. Summit Investment Advisors Inc. lifted its position in shares of Kratos Defense & Security Solutions by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock valued at $408,000 after buying an additional 490 shares in the last quarter. MRP Capital Investments LLC raised its position in Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 500 shares during the period. Wealth Quarterback LLC lifted its holdings in Kratos Defense & Security Solutions by 3.9% during the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 528 shares in the last quarter. Arizona State Retirement System grew its position in shares of Kratos Defense & Security Solutions by 1.4% in the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock valued at $1,156,000 after purchasing an additional 586 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 610 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KTOS. Truist Financial lifted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Robert W. Baird boosted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Finally, B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.