Steven S. Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the transaction, the insider now directly owns 370,660 shares of the company’s stock, valued at $9,114,529.40. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kratos Defense & Security Solutions Stock Up 5.2 %

Kratos Defense & Security Solutions stock opened at $26.27 on Friday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 262.73 and a beta of 1.10. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $29.85 and a two-hundred day moving average of $26.16. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month high of $35.66.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning raised its position in Kratos Defense & Security Solutions by 8.7% during the 3rd quarter. Creative Planning now owns 26,665 shares of the aerospace company’s stock worth $621,000 after buying an additional 2,125 shares during the last quarter. Raymond James & Associates increased its stake in shares of Kratos Defense & Security Solutions by 15.3% during the third quarter. Raymond James & Associates now owns 477,524 shares of the aerospace company’s stock worth $11,126,000 after acquiring an additional 63,473 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Kratos Defense & Security Solutions by 14.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 24,295 shares of the aerospace company’s stock worth $566,000 after purchasing an additional 3,134 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at about $584,000. Finally, US Bancorp DE boosted its holdings in Kratos Defense & Security Solutions by 56.8% in the 3rd 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. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Jefferies Financial Group increased their target price 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. Robert W. Baird lifted their target price 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 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. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.