Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells 1,500 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.96, for a total transaction of $41,940.00. Following the completion of the sale, the senior vice president now owns 55,631 shares in the company, valued at $1,555,442.76. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, November 15th, Marie Mendoza sold 884 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.53, for a total value of $22,568.52.
• On Tuesday, October 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $24.96, for a total transaction of $33,820.80.
• On Tuesday, October 1st, Marie Mendoza sold 2,423 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $25.00, for a total transaction of $60,575.00.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock traded down $1.74 during mid-day trading on Wednesday, hitting $25.51. 1,736,945 shares of the company were exchanged, compared to its average volume of 1,132,283. 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 12-month low of $16.71 and a 12-month high of $28.71. The business’s 50 day simple moving average is $25.62 and its two-hundred day simple moving average is $23.00. The company has a market capitalization of $3.85 billion, a P/E ratio of 255.13 and a beta of 1.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of Kratos Defense & Security Solutions by 101.9% during the second quarter. Van ECK Associates Corp now owns 744,100 shares of the aerospace company’s stock worth $14,889,000 after buying an additional 375,608 shares in the last quarter. American Capital Management Inc. grew its stake in Kratos Defense & Security Solutions by 12.8% in the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after acquiring an additional 305,925 shares during the period. Franklin Resources Inc. raised its holdings in Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after acquiring an additional 304,088 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $6,310,000. Finally, Driehaus Capital Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 51.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock worth $14,438,000 after purchasing an additional 245,422 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KTOS has been the topic of a number of research analyst reports. Truist Financial reiterated 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 report on Thursday, September 26th. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price objective 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. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, JMP Securities upped their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus target price 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.