Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $40,680.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total value of $40,680.00. Following the transaction, the senior vice president now directly owns 60,443 shares of the company’s stock, valued at approximately $1,639,214.16. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, January 15th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00.
• On Monday, December 16th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $27.96, for a total transaction of $41,940.00.

Kratos Defense & Security Solutions Stock Down 2.8 %

KTOS stock opened at $25.26 on Friday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.78 and a 1-year high of $35.66. The business’s 50 day simple moving average is $29.98 and its 200 day simple moving average is $26.06. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.83 billion, a PE ratio of 252.63 and a beta of 1.10.

Analyst Upgrades and Downgrades

Several brokerages have commented on KTOS. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.67.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KTOS. Neo Ivy Capital Management bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $317,000. Sunbelt Securities Inc. raised its holdings in Kratos Defense & Security Solutions by 42.1% in the 4th quarter. Sunbelt Securities Inc. now owns 5,302 shares of the aerospace company’s stock valued at $141,000 after acquiring an additional 1,570 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kratos Defense & Security Solutions by 30.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 352,349 shares of the aerospace company’s stock worth $9,295,000 after acquiring an additional 81,298 shares during the last quarter. Washington Harbour Partners LP bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $2,497,000. Finally, Vident Advisory LLC grew its position in shares of Kratos Defense & Security Solutions by 40.9% in the fourth quarter. Vident Advisory LLC now owns 99,818 shares of the aerospace company’s stock valued at $2,633,000 after purchasing an additional 28,961 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

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.