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, March 31st. The shares were sold at an average price of $29.45, for a total value of $206,150.00. Following the transaction, the insider now directly owns 404,133 shares of the company’s stock, valued at approximately $11,901,716.85. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Stock Down 8.5 %

Kratos Defense & Security Solutions stock opened at $27.82 on Friday. The stock has a market cap of $4.25 billion, a PE ratio of 278.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The stock has a fifty day moving average of $29.85 and a 200 day moving average of $27.64. Kratos Defense & Security Solutions, Inc. has a one year low of $17.05 and a one year high of $35.66.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its position in Kratos Defense & Security Solutions by 202.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock valued at $31,000 after buying an additional 700 shares during the period. Total Wealth Planning & Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $281,000. Neo Ivy Capital Management purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth $317,000. Sunbelt Securities Inc. raised its holdings in Kratos Defense & Security Solutions by 42.1% in the 4th quarter. Sunbelt Securities Inc. now owns 5,302 shares of the aerospace company’s stock worth $141,000 after purchasing an additional 1,570 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kratos Defense & Security Solutions by 30.0% during 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 valued at $9,295,000 after purchasing an additional 81,298 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target on 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. Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada reduced their price target on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Monday, March 31st. Finally, Jefferies Financial Group lifted their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

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.