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 on Monday, November 25th. The stock was sold at an average price of $26.51, for a total value of $185,570.00. Following the completion of the transaction, the insider now directly owns 349,406 shares of the company’s stock, valued at approximately $9,262,753.06. This trade represents a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $26.95 on Friday. The firm has a market capitalization of $4.07 billion, a PE ratio of 269.53 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $28.62. 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 business has a 50-day moving average of $24.78 and a two-hundred day moving average of $22.42.

Analyst Ratings Changes

A number of research analysts have issued reports on KTOS shares. JMP Securities upped their target price on shares of 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 upped their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, 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. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.40.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in 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 buying an additional 920 shares during the period. Contravisory Investment Management Inc. boosted its holdings in Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $39,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.