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 company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $31.36, for a total value of $63,692.16. Following the sale, the senior vice president now owns 69,288 shares in the company, valued at approximately $2,172,871.68. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $32.56 on Thursday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.03 and a 12 month high of $35.66. The stock’s fifty day moving average price is $30.37 and its 200-day moving average price is $26.93. The firm has a market cap of $4.98 billion, a P/E ratio of 325.63 and a beta of 1.12. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

KTOS has been the subject of several analyst reports. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Truist Financial raised their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Robert W. Baird raised their price target on 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. Finally, B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KTOS. Jones Financial Companies Lllp boosted its stake in shares of 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 valued at $34,000 after purchasing an additional 610 shares in the last quarter. Hemington Wealth Management lifted its holdings in Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares during the period. Truvestments Capital LLC bought 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 shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $53,000. Finally, Capital Advisors Ltd. LLC bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.