Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $138,550.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Benjamin M. Goodwin sold 5,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the transaction, the senior vice president now directly owns 37,327 shares in the company, valued at approximately $1,034,331.17. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kratos Defense & Security Solutions Stock Down 3.4 %

Shares of Kratos Defense & Security Solutions stock opened at $24.42 on Monday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.71 and a 52-week high of $28.62. 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 business’s 50 day simple moving average is $24.07 and its 200 day simple moving average is $22.00. The firm has a market cap of $3.69 billion, a PE ratio of 244.22 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KTOS. JMP Securities raised their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $25.40.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after buying an additional 920 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in Kratos Defense & Security Solutions by 68.7% during the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $39,000. Finally, Point72 Hong Kong Ltd bought a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $36,000. Institutional investors own 75.92% of the company’s stock.

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.