Marie Mendoza Sells 2,031 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 2,031 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the transaction, the senior vice president now owns 69,288 shares in the company, valued at approximately $2,172,871.68. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, February 18th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $27.12, for a total transaction of $40,680.00.
• On Wednesday, January 15th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $33.30, for a total transaction of $49,950.00.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $31.25 on Wednesday. The firm has a market capitalization of $4.78 billion, a P/E ratio of 312.53 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a one year low of $16.96 and a one year high of $35.66. The company’s fifty day moving average is $30.30 and its two-hundred day moving average is $26.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KTOS shares. Truist Financial lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Jefferies Financial Group lifted their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Royal Bank of Canada lowered their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average target price of $32.00.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock worth $388,301,000 after buying an additional 701,216 shares during the last quarter. FMR LLC raised its stake in shares of Kratos Defense & Security Solutions by 7.6% during the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock worth $114,510,000 after buying an additional 307,907 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after buying an additional 29,278 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock worth $82,576,000 after buying an additional 203,245 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Kratos Defense & Security Solutions by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock worth $82,204,000 after buying an additional 317,305 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.