Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kratos Defense & Security Solutions Inc. shares valued at $65,430 were sold by Cervantes de Burgreen Maria on May 18. At $14.11 per share, Cervantes de Burgreen Maria sold 4,637 shares. The insider’s holdings dropped to 33,167 shares worth approximately $0.43 million following the completion of this transaction.
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Also, Mendoza Marie sold 1,447 shares, netting a total of over 20,258 in proceeds. Following the sale of shares at $14.00 each, the insider now holds 41,297 shares.
Before that, Mendoza Marie had sold 7,211 shares from its account. In a trade valued at $100,954, the SVP & General Counsel traded Kratos Defense & Security Solutions Inc. shares for $14.00 each. Upon closing the transaction, the insider’s holdings decreased to 7,211 shares, worth approximately $0.56 million.
Analyzing KTOS Stock Performance
On Thursday, Kratos Defense & Security Solutions Inc. [NASDAQ: KTOS] plunged -2.53% to $13.10. The stock’s lowest price that day was $12.905, but it reached a high of $13.42 in the same session. During the last five days, there has been a drop of approximately -7.49%. Over the course of the year, Kratos Defense & Security Solutions Inc. shares have jumped approximately 26.94%. Shares of the company reached a 52-week high of $14.29 on 05/19/23 and a 52-week low of $9.87 on 01/03/23. A 50-day SMA is recorded $13.20, while a 200-day SMA reached $11.73. Nevertheless, trading volume fell to 0.72 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for Kratos Defense & Security Solutions Inc. (KTOS)
According to the 24-hour chart, there is a support level at 12.86, which, if violated, would cause prices to drop to 12.63. In the upper region, resistance lies at 13.38. The next price resistance is at 13.66. RSI (Relative Strength Index) is 44.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 85.92%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Kratos Defense & Security Solutions Inc. subject to short interest?
Stocks of Kratos Defense & Security Solutions Inc. saw a sharp steep in short interest on May 14, 2023 dropping by -0.11 million shares to 2.3 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 2.41 million shares. A decline of -4.78% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.31 of the overall float, the days-to-cover ratio (short ratio) decline to 3.31.
Which companies own the most shares of Kratos Defense & Security Solutions Inc. (KTOS)?
According to The Vanguard Group, Inc. filings, the company currently owns 11,638,420 shares, which is about 9.19% of the total KTOS shares outstanding. The investor’s shares have appreciated by 76,092 from its previous 13-F filing of 11562328.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $128,520,417. ARK Investment Management LLC reduced a -8.21% interest valued at $91.75 million while SSgA Funds Management, Inc. sold a -600,384 stake. A total of -286,058 shares of Kratos Defense & Security Solutions Inc. were sold by Nikko Asset Management Co., Ltd. during the quarter, and -286,058 were sold by Nikko Asset Management Americas,. In its current portfolio, BAMCO, Inc. holds 4,735,611 shares valued at $61.09 million.
In terms of Kratos Defense & Security Solutions Inc. share price expectations, FactSet research, analysts set an average price target of $16.70 in the next 12 months, up nearly 19.05% from the previous closing price of $13.44. Analysts anticipate Kratos Defense & Security Solutions Inc. stock to reach $20.00 by 2023, with the lowest price target being $13.00. In spite of this, 10 analysts ranked Kratos Defense & Security Solutions Inc. stock as an Overweight at the end of 2023.