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 firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the sale, the insider now owns 370,660 shares of the company’s stock, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $24.96 on Thursday. The stock has a market cap of $3.79 billion, a PE ratio of 249.62 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $35.66. The firm’s 50-day simple moving average is $29.86 and its two-hundred day simple moving average is $26.17.

Analysts Set New Price Targets

A number of research firms recently weighed in on KTOS. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Jefferies Financial Group lifted their price objective 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. Finally, Robert W. Baird lifted their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.67.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. WealthPlan Investment Management LLC bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $461,000. Cornell Pochily Investment Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $207,000. Lord Abbett & CO. LLC lifted its stake in shares of Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after buying an additional 86,567 shares in the last quarter. MRA Advisory Group bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 121.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after buying an additional 16,650 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.