Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 20,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the sale, the insider now owns 263,283 shares of the company’s stock, valued at $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kratos Defense & Security Solutions Trading Up 1.5 %

Shares of Kratos Defense & Security Solutions stock opened at $27.29 on Friday. The firm has a market capitalization of $4.17 billion, a PE ratio of 272.93 and a beta of 1.12. 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 company’s fifty day moving average price is $29.90 and its two-hundred day moving average price is $26.43. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.78 and a 52-week high of $35.66.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KTOS shares. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday. Jefferies Financial Group boosted their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada dropped their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock worth $388,301,000 after buying an additional 701,216 shares in the last quarter. FMR LLC lifted its position in Kratos Defense & Security Solutions by 7.6% during the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock worth $114,510,000 after buying an additional 307,907 shares in the last quarter. Geode Capital Management LLC lifted its position in Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after buying an additional 29,278 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock worth $82,576,000 after buying an additional 203,245 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Kratos Defense & Security Solutions by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock worth $82,204,000 after buying an additional 317,305 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.