Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 7,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $29.45, for a total transaction of $206,150.00. Following the sale, the insider now directly owns 404,133 shares in the company, valued at approximately $11,901,716.85. This represents a 1.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Trading Up 1.5 %

Shares of Kratos Defense & Security Solutions stock traded up $0.42 during mid-day trading on Monday, hitting $28.24. 3,121,998 shares of the stock were exchanged, compared to its average volume of 1,572,213. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 282.43 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.05 and a twelve month high of $35.66. 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 50-day simple moving average of $29.75 and a 200 day simple moving average of $27.75.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after purchasing an additional 700 shares during the period. Jones Financial Companies Lllp lifted its position in Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after buying an additional 610 shares during the period. Hemington Wealth Management grew its holdings in 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 buying an additional 631 shares during the period. Capital Advisors Ltd. LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $53,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KTOS. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Truist Financial boosted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Jefferies Financial Group upped their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a report on Friday, December 13th. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.67.

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.