Kratos Defense & Security Solutions (NASDAQ:KTOS) Sees Strong Trading Volume – Here’s What Happened

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) saw strong trading volume on Monday . 914,723 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 1,261,298 shares.The stock last traded at $29.13 and had previously closed at $27.29.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday. Jefferies Financial Group raised their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Kratos Defense & Security Solutions Price Performance

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 firm has a 50 day moving average of $30.01 and a 200-day moving average of $26.61. The company has a market cap of $4.44 billion, a P/E ratio of 290.63 and a beta of 1.12.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the transaction, the insider now owns 370,660 shares in the company, valued at $9,114,529.40. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total value of $526,600.00. Following the transaction, the insider now owns 263,283 shares of the company’s stock, valued at approximately $6,932,241.39. The trade was a 7.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,181 shares of company stock worth $3,256,346. 2.27% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings 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 worth $25,000 after buying an additional 920 shares during the period. Jones Financial Companies Lllp raised its position in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 610 shares in the last quarter. Hemington Wealth Management increased its position in Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after buying an additional 631 shares in the last quarter. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $39,000. Finally, Capital Advisors Ltd. LLC acquired a new position in Kratos Defense & Security Solutions during the 4th quarter valued at about $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 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.