Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 4,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.49, for a total transaction of $105,960.00. Following the sale, the insider now owns 103,430 shares of the company’s stock, valued at approximately $2,739,860.70. This represents a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Trading Up 4.2 %

Kratos Defense & Security Solutions stock opened at $27.48 on Friday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.71 and a 52-week high of $28.71. The company has a market cap of $4.15 billion, a P/E ratio of 274.83 and a beta of 1.07. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $26.04 and a two-hundred day simple moving average of $23.49.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KTOS. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price target for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Jefferies Financial Group upped their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.40.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. raised its position 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 worth $25,000 after acquiring an additional 444 shares during the period. Wealth Quarterback LLC increased its stake 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 worth $326,000 after purchasing an additional 528 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Kratos Defense & Security Solutions by 582.3% in 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. KBC Group NV lifted its position in Kratos Defense & Security Solutions by 23.7% during the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock valued at $119,000 after purchasing an additional 976 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in Kratos Defense & Security Solutions by 1.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 87,847 shares of the aerospace company’s stock valued at $2,047,000 after purchasing an additional 1,060 shares during the period. 75.92% of the stock is currently owned by institutional investors.

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.