Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza Sells 1,500 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions 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 completion of the transaction, the senior vice president now directly owns 60,443 shares in the company, valued at $1,639,214.16. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 stock was 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 shares were sold at an average price of $27.96, for a total value of $41,940.00.

Kratos Defense & Security Solutions Trading Down 3.2 %

Shares of KTOS stock opened at $25.99 on Friday. The stock has a fifty day simple moving average of $30.01 and a two-hundred day simple moving average of $25.99. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.78 and a 52-week high of $35.66. The firm has a market capitalization of $3.94 billion, a PE ratio of 259.93 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Institutional Trading of Kratos Defense & Security Solutions

Several institutional investors have recently made changes to their positions in KTOS. Summit Investment Advisors Inc. grew its holdings in Kratos Defense & Security Solutions by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock valued at $408,000 after buying an additional 490 shares in the last quarter. MRP Capital Investments LLC lifted its position in shares of Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after buying an additional 500 shares in the last quarter. Wealth Quarterback LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 3.9% in the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 528 shares during the last quarter. Arizona State Retirement System increased its stake in Kratos Defense & Security Solutions by 1.4% during the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after acquiring an additional 586 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Jefferies Financial Group boosted 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 report on Friday, December 13th. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. JMP Securities raised their price target on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.67.

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.