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 dated Monday, January 6th. The stock was sold at an average price of $28.96, for a total value of $115,840.00. Following the completion of the transaction, the insider now directly owns 57,267 shares in the company, valued at $1,658,452.32. The trade was a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kratos Defense & Security Solutions Trading Up 1.2 %

Shares of KTOS stock opened at $28.94 on Friday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $30.39. The firm has a market cap of $4.37 billion, a PE ratio of 289.43 and a beta of 1.07. The company has a 50-day moving average of $26.46 and a two-hundred day moving average of $23.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analysts Set New Price Targets

KTOS has been the topic of a number of analyst reports. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. Robert W. Baird boosted their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. JMP Securities increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group boosted their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Six equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.40.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

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

Kratos Defense & Security Solutions Company Profile

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.