Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) VP Sells 19,528 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) VP De Burgreen Maria Cervantes sold 19,528 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the transaction, the vice president now directly owns 51,121 shares of the company’s stock, valued at $1,533,630. This represents a 27.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Trading Down 3.1 %

KTOS traded down $0.92 during trading on Tuesday, hitting $28.61. The company’s stock had a trading volume of 2,388,221 shares, compared to its average volume of 1,979,779. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $30.39. The firm’s 50 day moving average price is $26.14 and its 200-day moving average price is $23.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a market cap of $4.32 billion, a PE ratio of 286.13 and a beta of 1.07.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KTOS shares. Robert W. Baird lifted 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. Jefferies Financial Group increased 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 note on Friday, December 13th. JMP Securities lifted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus price target of $26.40.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC increased its stake in Kratos Defense & Security Solutions by 13.2% during the second quarter. Natixis Advisors LLC now owns 15,246 shares of the aerospace company’s stock worth $305,000 after acquiring an additional 1,780 shares during the last quarter. Rhumbline Advisers lifted its stake in Kratos Defense & Security Solutions by 0.5% during the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after purchasing an additional 1,092 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Kratos Defense & Security Solutions by 4.9% in the 2nd quarter. Arizona State Retirement System now owns 41,976 shares of the aerospace company’s stock valued at $840,000 after buying an additional 1,960 shares during the period. Acadian Asset Management LLC acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $418,000. Finally, Daiwa Securities Group Inc. grew its stake in Kratos Defense & Security Solutions by 4.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 110,530 shares of the aerospace company’s stock worth $2,212,000 after buying an additional 4,488 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 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.