By otakuyassine3@gmail.com 
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) insider Thomas E. Iv Mills sold 11,516 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the sale, the insider now owns 12,315 shares in the company, valued at approximately $344,573.70. The trade was a 48.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Kratos Defense & Security Solutions Stock Performance
Shares of KTOS opened at $25.51 on Thursday. The firm’s fifty day simple moving average is $25.63 and its two-hundred day simple moving average is $23.02. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $28.71. 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 market capitalization of $3.85 billion, a P/E ratio of 255.13 and a beta of 1.07.
Hedge Funds Weigh In On Kratos Defense & Security Solutions
Several institutional investors have recently added to or reduced their stakes in KTOS. Contravisory Investment Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at about $36,000. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $39,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $53,000. 75.92% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
KTOS has been the topic of several recent research reports. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. JMP Securities lifted their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price objective for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Finally, Truist Financial restated a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $26.40.
Read Our Latest Stock Report on Kratos Defense & Security Solutions
About Kratos Defense & Security Solutions
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.
Further Reading
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