De Burgreen Maria Cervantes Sells 19,528 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) VP De Burgreen Maria Cervantes sold 19,528 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the transaction, the vice president now directly owns 51,121 shares in the company, valued at $1,533,630. The trade was a 27.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $28.94 on Thursday. The firm has a market cap of $4.37 billion, a P/E ratio of 289.43 and a beta of 1.07. The stock’s 50-day moving average is $26.23 and its two-hundred day moving average is $23.66. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $30.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KTOS shares. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. JMP Securities increased their target price on shares of 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. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, Jefferies Financial Group lifted their price objective on 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. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Natixis Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 13.2% in the second quarter. Natixis Advisors LLC now owns 15,246 shares of the aerospace company’s stock valued at $305,000 after purchasing an additional 1,780 shares during the period. Rhumbline Advisers raised its holdings in Kratos Defense & Security Solutions by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after acquiring an additional 1,092 shares during the period. Arizona State Retirement System raised its holdings in Kratos Defense & Security Solutions by 4.9% in the 2nd quarter. Arizona State Retirement System now owns 41,976 shares of the aerospace company’s stock worth $840,000 after acquiring an additional 1,960 shares during the period. Acadian Asset Management LLC acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $418,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Kratos Defense & Security Solutions by 4.2% during the second quarter. Daiwa Securities Group Inc. now owns 110,530 shares of the aerospace company’s stock valued at $2,212,000 after acquiring an additional 4,488 shares during the period. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Company Profile

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.