Steven S. Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $26.51, for a total value of $185,570.00. Following the transaction, the insider now directly owns 349,406 shares in the company, valued at approximately $9,262,753.06. This represents a 1.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kratos Defense & Security Solutions Trading Down 1.1 %

Shares of NASDAQ KTOS opened at $26.95 on Friday. The business has a fifty day simple moving average of $24.78 and a 200-day simple moving average of $22.42. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 269.53 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $28.62. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KTOS. Vanguard Group Inc. boosted its stake in Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after purchasing an additional 1,807,580 shares during the period. American International Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 12.0% during the first quarter. American International Group Inc. now owns 71,000 shares of the aerospace company’s stock valued at $1,305,000 after buying an additional 7,586 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Kratos Defense & Security Solutions by 8,622.2% during the first quarter. Public Employees Retirement System of Ohio now owns 98,299 shares of the aerospace company’s stock valued at $1,807,000 after buying an additional 97,172 shares during the period. Bayesian Capital Management LP purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter worth about $309,000. Finally, Janus Henderson Group PLC boosted its position in Kratos Defense & Security Solutions by 38.7% during the 1st quarter. Janus Henderson Group PLC now owns 77,089 shares of the aerospace company’s stock worth $1,416,000 after acquiring an additional 21,502 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KTOS. Truist Financial reiterated a “buy” rating and set a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. JMP Securities upped 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. Finally, Robert W. Baird boosted their price objective 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. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.40.

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.