Benjamin M. Goodwin Sells 5,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Benjamin M. Goodwin sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total value of $138,550.00. Following the transaction, the senior vice president now owns 37,327 shares in the company, valued at approximately $1,034,331.17. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

KTOS traded down $0.86 during trading hours on Friday, hitting $24.42. The stock had a trading volume of 1,394,467 shares, compared to its average volume of 1,136,193. The stock has a market cap of $3.69 billion, a PE ratio of 244.22 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.62. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $24.00 and its 200 day simple moving average is $21.93.

Analysts Set New Price Targets

KTOS has been the topic of a number of recent analyst reports. JMP Securities raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday. Benchmark reissued 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. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Monday. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. Finally, Truist Financial reaffirmed a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.40.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $160,000. Swiss National Bank lifted its stake in 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 in the last quarter. Sei Investments Co. lifted its stake in 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 worth $5,727,000 after purchasing an additional 165,356 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in Kratos Defense & Security Solutions by 93.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,266 shares of the aerospace company’s stock valued at $501,000 after purchasing an additional 13,180 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Kratos Defense & Security Solutions by 22.6% during the 1st quarter. ProShare Advisors LLC now owns 25,883 shares of the aerospace company’s stock valued at $476,000 after purchasing an additional 4,765 shares in the last quarter. Hedge funds and other 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.