Thomas E. Iv Mills Sells 11,516 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 11,516 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the transaction, the insider now directly owns 12,315 shares in the company, valued at approximately $344,573.70. This trade represents a 48.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kratos Defense & Security Solutions Stock Down 6.4 %

Shares of NASDAQ KTOS traded down $1.74 during trading hours on Wednesday, hitting $25.51. The stock had a trading volume of 1,736,945 shares, compared to its average volume of 1,132,283. The firm’s 50-day moving average price is $25.62 and its two-hundred day moving average price is $23.00. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $28.71. The company has a market capitalization of $3.85 billion, a P/E ratio of 255.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after buying an additional 920 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth about $36,000. Truvestments Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $39,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $53,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KTOS. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Jefferies Financial Group increased their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Truist Financial reaffirmed a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, JMP Securities increased their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.40.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.