Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 4,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, January 6th. The shares were sold at an average price of $28.96, for a total transaction of $115,840.00. Following the completion of the transaction, the insider now owns 57,267 shares in the company, valued at approximately $1,658,452.32. This represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Kratos Defense & Security Solutions Stock Up 1.2 %

Shares of Kratos Defense & Security Solutions stock opened at $28.94 on Friday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 289.43 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $30.39. 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 business’s 50 day simple moving average is $26.46 and its 200-day simple moving average is $23.73.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KTOS shares. Robert W. Baird raised their target price 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. Truist Financial reiterated a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Jefferies Financial Group raised 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. JMP Securities upped 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. Finally, Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Six 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.40.

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.