Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $206,150.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $29.45, for a total transaction of $206,150.00. Following the completion of the sale, the insider now owns 404,133 shares of the company’s stock, valued at approximately $11,901,716.85. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Kratos Defense & Security Solutions Stock Down 8.5 %

Shares of NASDAQ KTOS opened at $27.82 on Friday. The firm has a fifty day simple moving average of $29.85 and a two-hundred day simple moving average of $27.64. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.05 and a 12 month high of $35.66. 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 firm has a market capitalization of $4.25 billion, a PE ratio of 278.23 and a beta of 1.12.

Analyst Ratings Changes

Several research firms have issued reports on KTOS. JPMorgan Chase & Co. upped their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Truist Financial increased their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Monday, March 31st. Finally, Jefferies Financial Group raised their target price 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. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company’s stock worth $34,923,000 after acquiring an additional 35,421 shares during the period. FMR LLC raised its holdings in Kratos Defense & Security Solutions by 6.1% in the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after purchasing an additional 233,051 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kratos Defense & Security Solutions by 6.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,584 shares of the aerospace company’s stock worth $783,000 after purchasing an additional 2,018 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kratos Defense & Security Solutions by 8.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,051 shares of the aerospace company’s stock valued at $6,315,000 after buying an additional 20,311 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $6,310,000. 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 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.