Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $63,692.16 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 2,031 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the completion of the transaction, the senior vice president now owns 69,288 shares in the company, valued at $2,172,871.68. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 18th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $27.12, for a total transaction of $40,680.00.
• On Wednesday, January 15th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $32.56 on Thursday. The company has a market capitalization of $4.98 billion, a PE ratio of 325.63 and a beta of 1.12. The company’s fifty day moving average price is $30.37 and its 200-day moving average price is $26.93. Kratos Defense & Security Solutions, Inc. has a one year low of $17.03 and a one year high of $35.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares in the last quarter. Hemington Wealth Management increased its stake in Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 631 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $39,000. Meeder Asset Management Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $53,000. Finally, Capital Advisors Ltd. LLC purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $53,000. Institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KTOS shares. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. Royal Bank of Canada reduced their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Truist Financial lifted 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. Finally, Jefferies Financial Group increased their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.