Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 8,637 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 8,637 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the transaction, the insider now owns 12,215 shares of the company’s stock, valued at approximately $331,515.10. The trade was a 41.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Kratos Defense & Security Solutions Trading Down 3.2 %

Shares of KTOS stock traded down $0.86 during trading hours on Thursday, hitting $25.99. 2,184,689 shares of the company were exchanged, compared to its average volume of 2,268,699. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66. The firm has a fifty day moving average of $30.01 and a 200 day moving average of $25.99. 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 firm has a market cap of $3.94 billion, a PE ratio of 259.93 and a beta of 1.10.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. JMP Securities upped their price target on shares of Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 4th. Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Robert W. Baird upped 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 research report on Tuesday, January 14th. Finally, B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.30.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Neo Ivy Capital Management acquired a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth $317,000. Sunbelt Securities Inc. increased its stake in shares of Kratos Defense & Security Solutions by 42.1% in the fourth quarter. Sunbelt Securities Inc. now owns 5,302 shares of the aerospace company’s stock worth $141,000 after buying an additional 1,570 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kratos Defense & Security Solutions by 30.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 352,349 shares of the aerospace company’s stock worth $9,295,000 after buying an additional 81,298 shares during the last quarter. Washington Harbour Partners LP bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $2,497,000. Finally, Vident Advisory LLC increased its stake in shares of Kratos Defense & Security Solutions by 40.9% in the fourth quarter. Vident Advisory LLC now owns 99,818 shares of the aerospace company’s stock worth $2,633,000 after buying an additional 28,961 shares during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

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.