Insider Buying: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Acquires 9,500 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco acquired 9,500 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the acquisition, the chief executive officer now directly owns 1,267,482 shares in the company, valued at $33,398,150.70. This represents a 0.76 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Kratos Defense & Security Solutions Stock Down 1.4 %

Shares of NASDAQ:KTOS opened at $26.01 on Tuesday. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 260.13 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.78 and a 12-month high of $35.66. The business has a 50-day moving average price of $29.87 and a 200 day moving average price of $26.34. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KTOS. Robert W. Baird increased their target price 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. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price target for the company from $26.00 to $35.00 in a research report on Monday, January 13th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 920 shares during the period. Jones Financial Companies Lllp lifted 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 purchasing an additional 610 shares in the last quarter. Hemington Wealth Management lifted its stake in Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 631 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Kratos Defense & Security Solutions during the third quarter worth $39,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at $53,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

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.