Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Purchases $250,325.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco bought 9,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the acquisition, the chief executive officer now owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. The trade was a 0.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $26.38 on Wednesday. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 263.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66. The firm has a 50-day moving average of $29.86 and a two-hundred day moving average of $26.38.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently added to or reduced their stakes in the stock. Total Wealth Planning & Management Inc. purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at about $281,000. Neo Ivy Capital Management purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at about $317,000. Sunbelt Securities Inc. boosted its position 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 valued at $141,000 after buying an additional 1,570 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kratos Defense & Security Solutions by 30.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 352,349 shares of the aerospace company’s stock worth $9,295,000 after purchasing an additional 81,298 shares during the period. Finally, Washington Harbour Partners LP purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $2,497,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KTOS. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Royal Bank of Canada cut their price target on shares of 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. Finally, Jefferies Financial Group upped their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. One 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. According to data from MarketBeat.com, the company presently 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.