Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza Sells 1,500 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.96, for a total transaction of $41,940.00. Following the completion of the sale, the senior vice president now owns 55,631 shares of the company’s stock, valued at approximately $1,555,442.76. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, November 15th, Marie Mendoza sold 884 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.53, for a total transaction of $22,568.52.
• 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 transaction 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.

Kratos Defense & Security Solutions Trading Down 6.4 %

Shares of KTOS stock opened at $25.51 on Thursday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.71. The company’s fifty day simple moving average is $25.63 and its two-hundred day simple moving average is $23.02. 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 stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 255.13 and a beta of 1.07.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC grew its holdings in Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after buying an additional 86,567 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after acquiring an additional 304,088 shares during the period. Tidal Investments LLC grew its stake in Kratos Defense & Security Solutions by 27.9% during the third quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock valued at $495,000 after acquiring an additional 4,638 shares in the last quarter. Geode Capital Management LLC increased its holdings in Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after acquiring an additional 29,278 shares during the period. Finally, Barclays PLC increased its holdings in 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 during the period. 75.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.