Thomas E. Iv Mills Sells 11,516 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 11,516 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.98, for a total value of $322,217.68. Following the sale, the insider now owns 12,315 shares in the company, valued at $344,573.70. This trade represents a 48.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Stock Up 0.4 %

Kratos Defense & Security Solutions stock opened at $25.60 on Friday. The stock’s 50 day moving average price is $25.65 and its 200 day moving average price is $23.04. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $28.71. The company has a market cap of $3.87 billion, a PE ratio of 256.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analyst Ratings Changes

A number of brokerages have recently commented on KTOS. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. 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. Finally, JMP Securities increased their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.40.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in KTOS. Contravisory Investment Management Inc. increased its holdings 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 purchasing an additional 444 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Kratos Defense & Security Solutions by 0.9% in the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock valued at $1,113,000 after buying an additional 500 shares in the last quarter. Wealth Quarterback LLC lifted its position in shares of Kratos Defense & Security Solutions by 3.9% during the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 528 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 920 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Kratos Defense & Security Solutions by 23.7% during the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after acquiring an additional 976 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

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.