Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $139,081.78 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 7,522 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $18.49, for a total transaction of $139,081.78. Following the sale, the insider now directly owns 30,344 shares in the company, valued at $561,060.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $18.68 on Monday. The firm has a 50-day simple moving average of $16.36 and a 200-day simple moving average of $15.13. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -124.53 and a beta of 0.72. The company has a quick ratio of 1.73, a current ratio of 2.30 and a debt-to-equity ratio of 0.25. Kratos Defense & Security Solutions, Inc. has a 52 week low of $8.90 and a 52 week high of $19.02.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently modified their holdings of the business. American International Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 1.1% in the second quarter. American International Group Inc. now owns 60,329 shares of the aerospace company’s stock valued at $865,000 after buying an additional 678 shares during the last quarter. Arizona State Retirement System raised its position in shares of Kratos Defense & Security Solutions by 2.1% in the third quarter. Arizona State Retirement System now owns 36,332 shares of the aerospace company’s stock valued at $546,000 after buying an additional 751 shares during the last quarter. Bessemer Group Inc. increased its position in Kratos Defense & Security Solutions by 43.0% during the second quarter. Bessemer Group Inc. now owns 2,507 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 754 shares during the last quarter. AdvisorNet Financial Inc increased its position in Kratos Defense & Security Solutions by 36.9% during the first quarter. AdvisorNet Financial Inc now owns 2,970 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 800 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Kratos Defense & Security Solutions by 6.4% during the third quarter. Commonwealth Equity Services LLC now owns 13,395 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 808 shares during the last quarter. 83.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Raymond James increased their price target on shares of Kratos Defense & Security Solutions from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. JPMorgan Chase & Co. increased their price objective on shares of Kratos Defense & Security Solutions from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, October 5th. StockNews.com started coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, TheStreet raised shares of Kratos Defense & Security Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.40.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, National Security, and commercial markets. The company develops and fields transformative, affordable systems, products, and solutions. It operates through two segments, Kratos Government Solutions and Unmanned Systems.