Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 3,500 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Phillip D. Carrai sold 3,500 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $25.00, for a total value of $87,500.00. Following the completion of the sale, the insider now owns 265,499 shares in the company, valued at $6,637,475. The trade was a 1.30 % 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 hyperlink.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock traded down $0.86 on Friday, reaching $24.42. The stock had a trading volume of 1,394,467 shares, compared to its average volume of 1,136,193. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.62. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.69 billion, a P/E ratio of 244.22 and a beta of 1.02. The business's 50 day moving average is $24.00 and its two-hundred day moving average is $21.93.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Monday. B. Riley downgraded Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. JMP Securities lifted their price target 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. Robert W. Baird raised their price objective on shares of 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. Finally, Benchmark reissued a "buy" rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.40.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently bought and sold shares of the stock. Sei Investments Co. raised its stake in shares of Kratos Defense & Security Solutions by 113.1% during the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company's stock worth $5,727,000 after acquiring an additional 165,356 shares in the last quarter. Comerica Bank raised its stake in shares of Kratos Defense & Security Solutions by 627.9% during the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company's stock valued at $912,000 after acquiring an additional 42,817 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Kratos Defense & Security Solutions by 13.2% during the first quarter. Swiss National Bank now owns 287,600 shares of the aerospace company's stock worth $5,286,000 after purchasing an additional 33,500 shares during the period. Vanguard Group Inc. raised its position in Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company's stock valued at $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Kratos Defense & Security Solutions by 272.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company's stock worth $8,655,000 after buying an additional 316,500 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Company Profile

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.

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