Steven S. Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $24.59, for a total transaction of $172,130.00. Following the transaction, the insider now owns 370,660 shares in the company, valued at $9,114,529.40. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS traded up $0.12 during midday trading on Friday, reaching $26.39. 2,860,618 shares of the company traded hands, compared to its average volume of 1,240,501. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 263.93 and a beta of 1.10. The company has a fifty day moving average price of $29.87 and a 200 day moving average price of $26.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month high of $35.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Finally, StockNews.com cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Summit Investment Advisors Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock worth $408,000 after acquiring an additional 490 shares during the period. MRP Capital Investments LLC grew its position in 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 purchasing an additional 500 shares during the last quarter. Wealth Quarterback LLC increased its stake 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 purchasing an additional 528 shares during the period. Arizona State Retirement System raised its holdings in shares of Kratos Defense & Security Solutions by 1.4% during the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock valued at $1,156,000 after buying an additional 586 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of 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. Institutional investors and hedge funds own 75.92% of the company's stock.

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.