Thomas E. Iv Mills Sells 11,516 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 11,516 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the sale, the insider now directly owns 12,315 shares of the company’s stock, valued at approximately $344,573.70. The trade was a 48.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $25.51 on Thursday. The company’s 50 day moving average is $25.63 and its 200-day moving average is $23.02. The firm has a market cap of $3.85 billion, a P/E ratio of 255.13 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.71 and a 12-month high of $28.71. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

A number of research analysts have weighed in on KTOS shares. Truist Financial reiterated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Jefferies Financial Group upped their target price 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. Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average price target of $26.40.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in Kratos Defense & Security Solutions by 48.4% during the 2nd quarter. SG Americas Securities LLC now owns 12,913 shares of the aerospace company’s stock worth $258,000 after purchasing an additional 4,210 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Kratos Defense & Security Solutions by 50.8% in the second quarter. Raymond James & Associates now owns 414,051 shares of the aerospace company’s stock worth $8,285,000 after buying an additional 139,539 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 47.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 21,161 shares of the aerospace company’s stock worth $423,000 after buying an additional 6,802 shares in the last quarter. EFG Asset Management North America Corp. bought a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $1,486,000. Finally, Arkadios Wealth Advisors grew its stake in Kratos Defense & Security Solutions by 0.9% during the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock valued at $1,113,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

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.