Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) VP Sells $585,840.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) VP De Burgreen Maria Cervantes sold 19,528 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the sale, the vice president now directly owns 51,121 shares in the company, valued at approximately $1,533,630. This represents a 27.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Trading Up 1.2 %

NASDAQ:KTOS opened at $28.94 on Friday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $30.39. 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 capitalization of $4.37 billion, a price-to-earnings ratio of 289.43 and a beta of 1.07. The firm has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $23.70.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. raised its stake in Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after buying an additional 444 shares during the period. Farther Finance Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 582.3% during the third 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. Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth $36,000. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at $39,000. Finally, Meeder Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $53,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KTOS shares. Truist Financial reiterated a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Jefferies Financial Group upped their target price 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. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price objective for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their target price 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. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average 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.