Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza Sells 1,500 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.96, for a total value of $41,940.00. Following the completion of the transaction, the senior vice president now owns 55,631 shares in the company, valued at $1,555,442.76. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Marie Mendoza also recently made the following trade(s):

• On Friday, November 15th, Marie Mendoza sold 884 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.53, for a total value of $22,568.52.
• On Tuesday, October 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $24.96, for a total transaction of $33,820.80.
• On Tuesday, October 1st, Marie Mendoza sold 2,423 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.00, for a total transaction of $60,575.00.

Kratos Defense & Security Solutions Trading Down 6.4 %

NASDAQ:KTOS opened at $25.51 on Thursday. The firm has a market capitalization of $3.85 billion, a P/E ratio of 255.13 and a beta of 1.07. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $25.63 and a 200 day moving average of $23.02. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $28.71.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. JMP Securities raised their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Six 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.40.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors have recently modified their holdings of KTOS. Van ECK Associates Corp raised its position in Kratos Defense & Security Solutions by 101.9% during the 2nd quarter. Van ECK Associates Corp now owns 744,100 shares of the aerospace company’s stock valued at $14,889,000 after purchasing an additional 375,608 shares during the last quarter. American Capital Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 12.8% during the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after buying an additional 305,925 shares during the period. Franklin Resources Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 12.2% during the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after acquiring an additional 304,088 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth $6,310,000. Finally, Driehaus Capital Management LLC boosted its holdings in Kratos Defense & Security Solutions by 51.5% in the second quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock valued at $14,438,000 after acquiring an additional 245,422 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other 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.