Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $115,840.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $28.96, for a total value of $115,840.00. Following the sale, the insider now owns 57,267 shares of the company’s stock, valued at $1,658,452.32. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded down $0.92 during midday trading on Tuesday, reaching $28.61. The stock had a trading volume of 2,388,221 shares, compared to its average volume of 1,979,779. The firm has a fifty day simple moving average of $26.14 and a two-hundred day simple moving average of $23.60. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.71 and a 52-week high of $30.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The stock has a market cap of $4.32 billion, a PE ratio of 286.13 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KTOS. Contravisory Investment Management Inc. boosted its position in Kratos Defense & Security Solutions by 68.7% in the third 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 last quarter. Farther Finance Advisors LLC lifted its stake in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 920 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $36,000. Truvestments Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth $39,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the third quarter worth $53,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KTOS. Jefferies Financial Group increased their price target 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. Truist Financial reissued a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. JMP Securities raised 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. Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Finally, B. Riley cut 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 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.40.

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.