Marie Mendoza Sells 2,031 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 2,031 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the transaction, the senior vice president now directly owns 69,288 shares of the company’s stock, valued at approximately $2,172,871.68. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was sold at an average price of $27.12, for a total transaction 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 Down 2.0 %

KTOS stock opened at $31.25 on Wednesday. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.96 and a twelve month high of $35.66. The company’s 50 day moving average is $30.30 and its two-hundred day moving average is $26.89. The stock has a market cap of $4.78 billion, a P/E ratio of 312.53 and a beta of 1.12.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KTOS. JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, Truist Financial raised their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KTOS. Jones Financial Companies Lllp raised its holdings in 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 worth $34,000 after purchasing an additional 610 shares in the last quarter. Hemington Wealth Management raised 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 purchasing an additional 631 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions during the third quarter worth approximately $39,000. Meeder Asset Management Inc. acquired a new stake in Kratos Defense & Security Solutions during the third quarter worth approximately $53,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter worth approximately $53,000. Institutional investors and hedge funds 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.