Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $322,217.68 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 11,516 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.98, for a total value of $322,217.68. Following the sale, the insider now directly owns 12,315 shares in the company, valued at approximately $344,573.70. The trade was a 48.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Stock Up 1.1 %

Kratos Defense & Security Solutions stock opened at $25.87 on Friday. The business’s 50-day simple moving average is $25.67 and its two-hundred day simple moving average is $23.06. 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 company has a market cap of $3.91 billion, a PE ratio of 258.73 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $28.71.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position 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 worth $25,000 after buying an additional 920 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in shares of 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 worth $25,000 after acquiring an additional 444 shares during the period. Truvestments Capital LLC purchased a new position in shares of Kratos Defense & Security Solutions during the third quarter worth $39,000. Point72 Hong Kong Ltd acquired a new position in Kratos Defense & Security Solutions during the second quarter valued at $36,000. Finally, Meeder Asset Management Inc. purchased a new stake in Kratos Defense & Security Solutions in the third quarter valued at $53,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. JMP Securities increased 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 report on Monday, November 11th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Jefferies Financial Group upped their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Truist Financial reissued a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.