Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 6,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $31.38, for a total value of $188,280.00. Following the completion of the transaction, the insider now directly owns 293,897 shares in the company, valued at $9,222,487.86. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS traded down $0.89 during trading on Friday, hitting $30.81. 34,276,290 shares of the company's stock were exchanged, compared to its average volume of 1,483,375. The business's 50-day simple moving average is $30.43 and its 200 day simple moving average is $26.96. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 308.13 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Saturday, March 8th. Jefferies Financial Group boosted their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, December 13th. Truist Financial raised their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.67.

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Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its holdings in Kratos Defense & Security Solutions by 90.5% in 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 last quarter. Hemington Wealth Management increased 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 purchasing an additional 631 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth about $39,000. Meeder Asset Management Inc. purchased a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $53,000. Finally, Capital Advisors Ltd. LLC bought a new stake in Kratos Defense & Security Solutions in the 4th quarter worth approximately $53,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.