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 company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $26.51, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now owns 283,283 shares in the company, valued at approximately $7,509,832.33. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Kratos Defense & Security Solutions Trading Up 1.5 %

KTOS stock traded up $0.41 during mid-day trading on Friday, reaching $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 company has a market cap of $4.17 billion, a price-to-earnings ratio of 272.93 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.78 and a 12 month high of $35.66. The business's 50 day moving average price is $29.90 and its 200 day moving average price is $26.47. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KTOS. Summit Investment Advisors Inc. increased its stake in Kratos Defense & Security Solutions by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock valued at $408,000 after purchasing an additional 490 shares in the last quarter. MRP Capital Investments LLC boosted its stake in shares of Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after buying an additional 500 shares during the last quarter. Wealth Quarterback LLC grew its holdings in shares of Kratos Defense & Security Solutions by 3.9% in the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company's stock valued at $326,000 after acquiring an additional 528 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Kratos Defense & Security Solutions by 1.4% in the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock valued at $1,156,000 after acquiring an additional 586 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Kratos Defense & Security Solutions by 90.5% in the fourth 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 in the last quarter. 75.92% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several research firms have weighed in on KTOS. Truist Financial increased their price objective 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. JPMorgan Chase & Co. upped their target price on 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. 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 report on Tuesday, January 14th. Royal Bank of Canada lowered their target price on 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 downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Saturday. One 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.