Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 11,516 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 11,516 shares of the firm’s 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 transaction, the insider now owns 12,315 shares in the company, valued at $344,573.70. The trade was a 48.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS traded down $1.74 during trading on Wednesday, reaching $25.51. 1,736,945 shares of the company traded hands, compared to its average volume of 1,132,283. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $28.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The stock’s 50 day moving average price is $25.62 and its two-hundred day moving average price is $23.00. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 255.13 and a beta of 1.07.

Analyst Ratings Changes

Several research firms recently commented on KTOS. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial reiterated a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Robert W. Baird boosted their price target 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. Finally, Jefferies Financial Group upped 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. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.40.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 101.9% during the second quarter. Van ECK Associates Corp now owns 744,100 shares of the aerospace company’s stock valued at $14,889,000 after acquiring an additional 375,608 shares during the period. American Capital Management Inc. increased its position in shares of Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after purchasing an additional 305,925 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in Kratos Defense & Security Solutions in the third quarter valued at about $6,310,000. Finally, Driehaus Capital Management LLC grew its stake in Kratos Defense & Security Solutions by 51.5% during the second quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock worth $14,438,000 after buying an additional 245,422 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.