Marie Mendoza Sells 1,296 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,296 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $18.65, for a total transaction of $24,170.40. Following the sale, the senior vice president now owns 36,106 shares in the company, valued at $673,376.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, October 16th, Marie Mendoza sold 1,000 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $17.15, for a total transaction of $17,150.00.
• On Friday, September 15th, Marie Mendoza sold 1,000 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $14.76, for a total transaction of $14,760.00.

Kratos Defense & Security Solutions Trading Up 0.8 %

NASDAQ KTOS opened at $18.68 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.30 and a quick ratio of 1.73. The firm’s fifty day moving average price is $16.36 and its 200 day moving average price is $15.11. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -124.53 and a beta of 0.72. Kratos Defense & Security Solutions, Inc. has a 12 month low of $8.90 and a 12 month high of $19.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KTOS. Pinebridge Investments L.P. purchased a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $32,000. Spire Wealth Management grew its position in Kratos Defense & Security Solutions by 2,500.0% during the 1st quarter. Spire Wealth Management now owns 2,600 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 2,500 shares during the last quarter. Bessemer Group Inc. grew its position in Kratos Defense & Security Solutions by 43.0% during the 2nd 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. Ellevest Inc. grew its position in Kratos Defense & Security Solutions by 92.6% during the 1st quarter. Ellevest Inc. now owns 2,837 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 1,364 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in Kratos Defense & Security Solutions by 36.9% during the 1st 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. 83.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KTOS. Royal Bank of Canada raised their price objective on shares of Kratos Defense & Security Solutions from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. StockNews.com began coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, October 5th. Raymond James raised their price objective on shares of Kratos Defense & Security Solutions from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Finally, TheStreet upgraded 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 given a buy rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target 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.