Stacey G. Rock Sells 4,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $28.96, for a total value of $115,840.00. Following the transaction, the insider now owns 57,267 shares in the company, valued at $1,658,452.32. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kratos Defense & Security Solutions Trading Up 1.2 %

KTOS opened at $28.94 on Thursday. The company’s 50 day moving average is $26.23 and its 200-day moving average is $23.66. The company has a market cap of $4.37 billion, a P/E ratio of 289.43 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $30.39. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of KTOS. Contravisory Investment Management Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 582.3% in the 3rd 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 position in Kratos Defense & Security Solutions in the second quarter valued at about $36,000. Truvestments Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at about $39,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $53,000. Institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

KTOS has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Jefferies Financial Group raised 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 report on Friday, December 13th. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price target for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Truist Financial restated a “buy” rating and set a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.40.

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.