Steven S. Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $29.45, for a total transaction of $206,150.00. Following the sale, the insider now directly owns 404,133 shares of the company’s stock, valued at $11,901,716.85. This represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kratos Defense & Security Solutions Trading Up 6.3 %

KTOS traded up $1.86 during trading on Wednesday, hitting $31.16. The company’s stock had a trading volume of 1,879,468 shares, compared to its average volume of 1,549,324. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.05 and a twelve month high of $35.66. The stock’s fifty day moving average price is $30.14 and its 200-day moving average price is $27.56. The firm has a market capitalization of $4.76 billion, a P/E ratio of 311.63 and a beta of 1.12.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Monday. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. JPMorgan Chase & Co. increased their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada dropped their price target on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

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 the stock. Charles Schwab Investment Management Inc. grew its stake in Kratos Defense & Security Solutions by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company’s stock valued at $34,923,000 after acquiring an additional 35,421 shares during the period. FMR LLC grew its holdings in shares of Kratos Defense & Security Solutions by 6.1% during the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock valued at $93,966,000 after buying an additional 233,051 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kratos Defense & Security Solutions by 6.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,584 shares of the aerospace company’s stock worth $783,000 after acquiring an additional 2,018 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kratos Defense & Security Solutions by 8.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,051 shares of the aerospace company’s stock valued at $6,315,000 after acquiring an additional 20,311 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $6,310,000. 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.