Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza Sells 2,031 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) SVP Marie Mendoza sold 2,031 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the completion of the transaction, the senior vice president now directly owns 69,288 shares of the company's stock, valued at $2,172,871.68. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Marie Mendoza also recently made the following trade(s):

• On Tuesday, February 18th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $27.12, for a total value of $40,680.00.
• On Wednesday, January 15th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $33.30, for a total value of $49,950.00.

Kratos Defense & Security Solutions Trading Down 2.8 %

KTOS stock traded down $0.89 during trading on Friday, hitting $30.81. The company had a trading volume of 34,276,290 shares, compared to its average volume of 1,483,375. The firm has a 50-day moving average price of $30.43 and a 200-day moving average price of $26.96. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.05 and a 12 month high of $35.66. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 308.13 and a beta of 1.12.

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Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in 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 during the last quarter. Hemington Wealth Management lifted its position in Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after purchasing an additional 631 shares during the period. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $39,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $53,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $55,000. Institutional investors own 75.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KTOS. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Jefferies Financial Group raised their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $32.67.

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.