Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $49,950.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the transaction, the senior vice president now owns 61,782 shares in the company, valued at approximately $2,057,340.60. This represents a 2.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, December 16th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $27.96, for a total value of $41,940.00.
• On Friday, November 15th, Marie Mendoza sold 884 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.53, for a total value of $22,568.52.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $33.62 on Monday. The business has a 50 day simple moving average of $27.49 and a 200-day simple moving average of $24.30. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $34.83. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 336.23 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.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JMP Securities upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. Truist Financial raised their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Jefferies Financial Group boosted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.30.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after buying an additional 444 shares during the period. Farther Finance Advisors LLC lifted its holdings in Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 920 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $36,000. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $39,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $53,000. 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.