Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells 1,500 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total transaction of $49,950.00. Following the completion of the transaction, the senior vice president now owns 61,782 shares in the company, valued at approximately $2,057,340.60. The trade was a 2.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marie Mendoza also recently made the following trade(s):

• On Monday, December 16th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $27.96, for a total transaction of $41,940.00.
• On Friday, November 15th, Marie Mendoza sold 884 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.53, for a total transaction of $22,568.52.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS traded up $0.01 during midday trading on Friday, reaching $33.62. 4,947,476 shares of the company were exchanged, compared to its average volume of 2,648,995. 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 market cap of $5.08 billion, a PE ratio of 336.23 and a beta of 1.07. The business’s fifty day moving average is $27.33 and its two-hundred day moving average is $24.15. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $34.83.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KTOS shares. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $35.00 in a research report on Monday. JMP Securities increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial boosted their price objective 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. Finally, Jefferies Financial Group boosted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KTOS. Contravisory Investment Management Inc. raised its stake in 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 valued at $25,000 after purchasing an additional 444 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 valued at $25,000 after purchasing an additional 920 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth approximately $36,000. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $39,000. Finally, Meeder Asset Management Inc. purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $53,000. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Company Profile

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.