Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Steven S. Fendley Sells 7,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $33.46, for a total value of $234,220.00. Following the completion of the sale, the insider now owns 399,454 shares in the company, valued at $13,365,730.84. The trade was a 1.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Trading Up 3.9 %

KTOS stock opened at $36.29 on Friday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $36.85. The business’s 50-day moving average is $30.85 and its 200 day moving average is $28.90. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 362.94 and a beta of 1.01.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aspect Partners LLC lifted its holdings in Kratos Defense & Security Solutions by 1,900.0% in the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 950 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the first quarter worth about $30,000. Larson Financial Group LLC purchased a new position in shares of Kratos Defense & Security Solutions in the first quarter worth about $30,000. MassMutual Private Wealth & Trust FSB grew its stake in Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 700 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $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.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Friday. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Royal Bank of Canada dropped their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $34.13.

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.