Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells 1,500 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.96, for a total value of $41,940.00. Following the sale, the senior vice president now directly owns 55,631 shares of the company’s stock, valued at approximately $1,555,442.76. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Marie Mendoza also recently made the following trade(s):

• On Friday, November 15th, Marie Mendoza sold 884 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $25.53, for a total value of $22,568.52.
• On Tuesday, October 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $24.96, for a total transaction of $33,820.80.
• On Tuesday, October 1st, Marie Mendoza sold 2,423 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.00, for a total transaction of $60,575.00.

Kratos Defense & Security Solutions Price Performance

KTOS traded down $1.74 on Wednesday, reaching $25.51. The company had a trading volume of 1,736,945 shares, compared to its average volume of 1,132,283. The company has a market capitalization of $3.85 billion, a P/E ratio of 255.13 and a beta of 1.07. 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 company has a fifty day moving average of $25.62 and a 200-day moving average of $23.00. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $28.71.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KTOS. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Jefferies Financial Group raised their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their target price for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. Six equities 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 company currently has an average rating of “Moderate Buy” and an average target price of $26.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its holdings in Kratos Defense & Security Solutions by 48.4% during the second quarter. SG Americas Securities LLC now owns 12,913 shares of the aerospace company’s stock worth $258,000 after acquiring an additional 4,210 shares during the period. Raymond James & Associates grew its stake in shares of Kratos Defense & Security Solutions by 50.8% in the 2nd quarter. Raymond James & Associates now owns 414,051 shares of the aerospace company’s stock worth $8,285,000 after purchasing an additional 139,539 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 47.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 21,161 shares of the aerospace company’s stock worth $423,000 after purchasing an additional 6,802 shares in the last quarter. EFG Asset Management North America Corp. acquired a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $1,486,000. Finally, Arkadios Wealth Advisors lifted 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 purchasing an additional 500 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

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.