Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $234,408.18 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 8,637 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the transaction, the insider now owns 12,215 shares of the company’s stock, valued at $331,515.10. This trade represents a 41.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Kratos Defense & Security Solutions Stock Down 2.8 %

Shares of NASDAQ:KTOS opened at $25.26 on Friday. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 252.63 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.78 and a 1-year high of $35.66. The company’s fifty day moving average is $29.98 and its two-hundred day moving average is $26.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Robert W. Baird upped their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Jefferies Financial Group upped their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.67.

Institutional Trading of Kratos Defense & Security Solutions

A number of large investors have recently modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth about $317,000. Sunbelt Securities Inc. grew its position in Kratos Defense & Security Solutions by 42.1% in the 4th quarter. Sunbelt Securities Inc. now owns 5,302 shares of the aerospace company’s stock valued at $141,000 after buying an additional 1,570 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Kratos Defense & Security Solutions by 30.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 352,349 shares of the aerospace company’s stock valued at $9,295,000 after buying an additional 81,298 shares in the last quarter. Washington Harbour Partners LP bought a new position in Kratos Defense & Security Solutions in the 4th quarter valued at about $2,497,000. Finally, Vident Advisory LLC grew its position in Kratos Defense & Security Solutions by 40.9% in the 4th quarter. Vident Advisory LLC now owns 99,818 shares of the aerospace company’s stock valued at $2,633,000 after buying an additional 28,961 shares in the last quarter. Institutional investors and hedge funds 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.