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 the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $25.98, for a total value of $181,860.00. Following the transaction, the insider now owns 342,407 shares in the company, valued at approximately $8,895,733.86. This represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $26.38 on Thursday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $28.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a market cap of $3.99 billion, a PE ratio of 263.83 and a beta of 1.07. The business has a 50-day simple moving average of $25.92 and a two-hundred day simple moving average of $23.42.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors have recently bought and sold shares of KTOS. Lord Abbett & CO. LLC raised its holdings in shares of 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 worth $15,501,000 after buying an additional 86,567 shares during the last quarter. Geode Capital Management LLC raised its stake in Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after acquiring an additional 29,278 shares during the last quarter. Barclays PLC lifted its position in Kratos Defense & Security Solutions by 239.5% during the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock worth $6,363,000 after acquiring an additional 192,667 shares during the period. L & S Advisors Inc purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at about $1,220,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at about $607,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KTOS has been the topic of a number of research reports. Truist Financial reissued 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. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. JMP Securities increased their target price on 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. Jefferies Financial Group boosted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.