Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Purchases $250,325.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco purchased 9,500 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $26.35 per share, with a total value of $250,325.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,267,482 shares of the company’s stock, valued at approximately $33,398,150.70. This trade represents a 0.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Kratos Defense & Security Solutions Trading Up 5.4 %

NASDAQ KTOS opened at $27.81 on Thursday. The stock’s 50-day simple moving average is $29.89 and its two-hundred day simple moving average is $26.39. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month high of $35.66. 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 company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 278.13 and a beta of 1.10.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KTOS. Robert W. Baird raised their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently added to or reduced their stakes in KTOS. Creative Planning raised its position in Kratos Defense & Security Solutions by 8.7% during the third quarter. Creative Planning now owns 26,665 shares of the aerospace company’s stock valued at $621,000 after purchasing an additional 2,125 shares in the last quarter. US Bancorp DE raised its position in Kratos Defense & Security Solutions by 56.8% during the third quarter. US Bancorp DE now owns 17,717 shares of the aerospace company’s stock valued at $413,000 after purchasing an additional 6,415 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Kratos Defense & Security Solutions by 19.5% in the third quarter. Stephens Inc. AR now owns 23,476 shares of the aerospace company’s stock worth $547,000 after buying an additional 3,839 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Kratos Defense & Security Solutions by 19.5% in the third quarter. Van ECK Associates Corp now owns 889,562 shares of the aerospace company’s stock worth $21,358,000 after buying an additional 145,462 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.