Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $22,568.52 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 884 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $25.53, for a total value of $22,568.52. Following the completion of the transaction, the senior vice president now directly owns 57,038 shares in the company, valued at $1,456,180.14. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value of $33,820.80.
• On Tuesday, October 1st, Marie Mendoza sold 2,423 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.00, for a total value of $60,575.00.
• On Monday, September 16th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $22.12, for a total value of $29,972.60.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock traded down $0.86 during trading on Friday, hitting $24.42. The stock had a trading volume of 1,394,467 shares, compared to its average volume of 1,136,193. 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 firm has a market cap of $3.69 billion, a P/E ratio of 244.22 and a beta of 1.02. The business has a fifty day moving average of $24.00 and a two-hundred day moving average of $21.93. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $28.62.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of Kratos Defense & Security Solutions by 113.1% in the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company’s stock valued at $5,727,000 after buying an additional 165,356 shares during the period. Comerica Bank raised its position in Kratos Defense & Security Solutions by 627.9% during the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock valued at $912,000 after buying an additional 42,817 shares during the period. Swiss National Bank raised its position in Kratos Defense & Security Solutions by 13.2% during the first quarter. Swiss National Bank now owns 287,600 shares of the aerospace company’s stock valued at $5,286,000 after buying an additional 33,500 shares during the period. Vanguard Group Inc. grew its stake in Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after purchasing an additional 1,807,580 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Kratos Defense & Security Solutions by 272.8% in the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock valued at $8,655,000 after purchasing an additional 316,500 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on KTOS. JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday. Robert W. Baird lifted their price objective 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. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Truist Financial reiterated a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.40.

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.