Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $22,568.52 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 884 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $25.53, for a total value of $22,568.52. Following the sale, the senior vice president now directly owns 57,038 shares in the company, valued at $1,456,180.14. The trade was a 1.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Marie Mendoza also recently made the following trade(s):

• On Tuesday, October 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $24.96, for a total value of $33,820.80.
• On Tuesday, October 1st, Marie Mendoza sold 2,423 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $25.00, for a total value of $60,575.00.
• On Monday, September 16th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $22.12, for a total value of $29,972.60.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $24.42 on Monday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.71 and a 52-week high of $28.62. The company has a market cap of $3.69 billion, a P/E ratio of 244.22 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The stock’s 50-day simple moving average is $24.07 and its 200 day simple moving average is $22.00.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KTOS shares. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. JMP Securities increased their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average target price of $25.40.

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. Westwood Holdings Group Inc. bought a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at $46,177,000. Vanguard Group Inc. raised its stake in Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after purchasing an additional 1,807,580 shares in the last quarter. Hood River Capital Management LLC lifted its position in Kratos Defense & Security Solutions by 108.7% during the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after purchasing an additional 1,331,499 shares during the period. Bamco Inc. NY grew its stake in Kratos Defense & Security Solutions by 13.2% during the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after buying an additional 511,538 shares in the last quarter. Finally, Archon Capital Management LLC increased its holdings in Kratos Defense & Security Solutions by 1,102.5% in the 1st quarter. Archon Capital Management LLC now owns 450,487 shares of the aerospace company’s stock valued at $8,280,000 after buying an additional 413,026 shares during the period. 75.92% of the stock is owned by institutional investors.

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.