Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $115,840.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $28.96, for a total value of $115,840.00. Following the transaction, the insider now directly owns 57,267 shares of the company’s stock, valued at approximately $1,658,452.32. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $28.94 on Thursday. The firm has a market capitalization of $4.37 billion, a P/E ratio of 289.43 and a beta of 1.07. The firm’s 50-day moving average price is $26.23 and its 200-day moving average price is $23.66. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $30.39.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC increased its holdings in shares of Kratos Defense & Security Solutions by 15.0% during the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after acquiring an additional 86,567 shares in the last quarter. Geode Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after purchasing an additional 29,278 shares in the last quarter. Barclays PLC raised its holdings in Kratos Defense & Security Solutions by 239.5% during the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock worth $6,363,000 after buying an additional 192,667 shares during the last quarter. L & S Advisors Inc bought a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at $1,220,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $607,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of analyst reports. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Truist Financial restated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Jefferies Financial Group increased their price objective on shares of 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 upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $26.40.

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.