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 business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $26.51, for a total value of $185,570.00. Following the completion of the sale, the insider now owns 349,406 shares in the company, valued at $9,262,753.06. The trade was a 1.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded down $0.29 on Wednesday, hitting $26.95. The company had a trading volume of 907,138 shares, compared to its average volume of 1,134,454. The stock has a 50 day moving average price of $24.70 and a 200 day moving average price of $22.39. 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 stock has a market cap of $4.07 billion, a price-to-earnings ratio of 269.53 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $28.62.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KTOS. Vanguard Group Inc. grew its position in shares of 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 during the last quarter. American International Group Inc. increased its position in Kratos Defense & Security Solutions by 12.0% during the 1st quarter. American International Group Inc. now owns 71,000 shares of the aerospace company’s stock worth $1,305,000 after buying an additional 7,586 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Kratos Defense & Security Solutions by 8,622.2% during the first quarter. Public Employees Retirement System of Ohio now owns 98,299 shares of the aerospace company’s stock worth $1,807,000 after buying an additional 97,172 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at about $309,000. Finally, Janus Henderson Group PLC grew its stake in shares of Kratos Defense & Security Solutions by 38.7% in the first quarter. Janus Henderson Group PLC now owns 77,089 shares of the aerospace company’s stock valued at $1,416,000 after acquiring an additional 21,502 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KTOS. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. JMP Securities increased their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Robert W. Baird boosted their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.40.

About Kratos Defense & Security Solutions

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.