Insider Buying: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Acquires 9,500 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) CEO Eric M. Demarco acquired 9,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the transaction, the chief executive officer now owns 1,267,482 shares in the company, valued at $33,398,150.70. The trade was a 0.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Kratos Defense & Security Solutions Price Performance

KTOS traded down $0.16 during trading on Friday, reaching $26.72. 660,818 shares of the stock were exchanged, compared to its average volume of 1,255,993. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 267.21 and a beta of 1.10. The business's 50 day moving average price is $29.89 and its two-hundred day moving average price is $26.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. 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. Royal Bank of Canada cut their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $32.00.

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Institutional Trading of Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in shares of 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 increased 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 in the last quarter. Hemington Wealth Management raised its holdings in shares of Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after acquiring an additional 631 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter worth $39,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of 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.

Kratos Defense & Security Solutions Company Profile

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.