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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $29.45, for a total value of $206,150.00. Following the sale, the insider now owns 404,133 shares of the company’s stock, valued at approximately $11,901,716.85. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Down 2.4 %

Shares of KTOS stock opened at $30.42 on Friday. The stock has a market cap of $4.65 billion, a P/E ratio of 304.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a fifty day moving average price of $29.98 and a 200 day moving average price of $27.60. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. WealthPlan Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $461,000. Cornell Pochily Investment Advisors Inc. acquired a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at $207,000. Lord Abbett & CO. LLC grew its position in Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after acquiring an additional 86,567 shares during the period. MRA Advisory Group bought a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at $448,000. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after acquiring an additional 16,650 shares during the period. Institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Royal Bank of Canada lowered their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, Jefferies Financial Group raised their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average target price of $32.67.

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.