Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $181,860.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $25.98, for a total value of $181,860.00. Following the sale, the insider now directly owns 342,407 shares in the company, valued at $8,895,733.86. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $26.38 on Friday. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 263.83 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $28.71. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $25.96 and a 200-day simple moving average of $23.44.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. JMP Securities lifted their price target 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. Truist Financial restated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Finally, Jefferies Financial Group lifted their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. increased its position in shares of Kratos Defense & Security Solutions by 68.7% during the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares during the period. Farther Finance Advisors LLC grew its stake in Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 920 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $36,000. Truvestments Capital LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth $39,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $53,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.