Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $526,600.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the transaction, the insider now owns 263,283 shares in the company, valued at $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Kratos Defense & Security Solutions Stock Up 1.5 %

Shares of NASDAQ:KTOS traded up $0.41 during trading hours on Friday, hitting $27.29. The company's stock had a trading volume of 1,901,689 shares, compared to its average volume of 1,261,858. The firm's fifty day moving average price is $29.90 and its 200 day moving average price is $26.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 272.93 and a beta of 1.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC grew 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 purchasing an additional 920 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 610 shares during the period. Hemington Wealth Management lifted its stake in shares of Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after purchasing an additional 631 shares during the period. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $39,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 75.92% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KTOS. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Jefferies Financial Group lifted their price objective on shares of 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. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Royal Bank of Canada lowered their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.