Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza Sells 2,031 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 2,031 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the transaction, the senior vice president now directly owns 69,288 shares in the company, valued at $2,172,871.68. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Marie Mendoza also recently made the following trade(s):

• On Tuesday, February 18th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $27.12, for a total transaction of $40,680.00.
• On Wednesday, January 15th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $33.30, for a total value of $49,950.00.

Kratos Defense & Security Solutions Price Performance

KTOS traded up $1.46 during trading on Monday, reaching $31.89. 3,779,294 shares of the stock were exchanged, compared to its average volume of 1,310,853. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 318.93 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66. The business’s 50 day moving average price is $30.24 and its two-hundred day moving average price is $26.83.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 610 shares during the last quarter. Hemington Wealth Management lifted its stake in Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after buying an additional 631 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $39,000. Meeder Asset Management Inc. purchased a new position in Kratos Defense & Security Solutions during the third quarter worth $53,000. Finally, Capital Advisors Ltd. LLC acquired a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth $53,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KTOS shares. Royal Bank of Canada dropped their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Robert W. Baird boosted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Truist Financial increased their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Finally, B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.00.

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.