Steven S. Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $24.59, for a total transaction of $172,130.00. Following the transaction, the insider now directly owns 370,660 shares in the company, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kratos Defense & Security Solutions Stock Up 0.5 %

Shares of NASDAQ:KTOS opened at $26.39 on Friday. 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 firm has a market capitalization of $4.00 billion, a PE ratio of 263.93 and a beta of 1.10. The firm’s 50-day moving average is $29.86 and its two-hundred day moving average is $26.17. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in Kratos Defense & Security Solutions by 582.3% during 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 during the period. Jones Financial Companies Lllp increased its stake in 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 during the period. Hemington Wealth Management increased its stake in Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 631 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $39,000. Finally, Capital Advisors Ltd. LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $53,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KTOS has been the topic of several recent research reports. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Jefferies Financial Group upped their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Robert W. Baird upped 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.