Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $87,500.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 3,500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $25.00, for a total transaction of $87,500.00. Following the sale, the insider now directly owns 265,499 shares in the company, valued at approximately $6,637,475. This represents a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $24.42 on Friday. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $28.62. 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 company has a market cap of $3.69 billion, a price-to-earnings ratio of 244.22 and a beta of 1.02. The firm has a 50 day simple moving average of $24.00 and a 200 day simple moving average of $21.93.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of Kratos Defense & Security Solutions during the first quarter worth about $160,000. Swiss National Bank lifted its position in shares of Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Swiss National Bank now owns 287,600 shares of the aerospace company’s stock worth $5,286,000 after purchasing an additional 33,500 shares during the period. Sei Investments Co. lifted its stake in shares of Kratos Defense & Security Solutions by 113.1% in the 1st quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company’s stock valued at $5,727,000 after purchasing an additional 165,356 shares during the period. Avantax Advisory Services Inc. grew its stake in Kratos Defense & Security Solutions by 93.6% during the first quarter. Avantax Advisory Services Inc. now owns 27,266 shares of the aerospace company’s stock worth $501,000 after purchasing an additional 13,180 shares during the period. Finally, ProShare Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 22.6% in the first quarter. ProShare Advisors LLC now owns 25,883 shares of the aerospace company’s stock worth $476,000 after purchasing an additional 4,765 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KTOS. JMP Securities boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. Robert W. Baird boosted 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 note on Monday, September 23rd. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. 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. Finally, Truist Financial reissued a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.40.

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.