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Kratos Defense & Security Solutions Inc [KTOS] Insider Activity: An Update for Investors

Kratos Defense & Security Solutions Inc’s recent filing unveils that its President, STC Division Carrai Phillip D unloaded Company’s shares for reported $63652.0 on Apr 15 ’24. In the deal valued at $18.19 per share,3,500 shares were sold. As a result of this transaction, Carrai Phillip D now holds 290,118 shares worth roughly $5.41 million.

Then, Mendoza Marie sold 1,500 shares, generating $27,271 in total proceeds. Upon selling the shares at $18.18, the SVP & General Counsel now owns 67,030 shares.

Before that, Fendley Steven S. sold 7,000 shares. Kratos Defense & Security Solutions Inc shares valued at $124,584 were divested by the President, US Division at a price of $17.80 per share. As a result of the transaction, Fendley Steven S. now holds 419,821 shares, worth roughly $7.83 million.

Raymond James upgraded its Kratos Defense & Security Solutions Inc [KTOS] rating to a Strong buy from a an Outperform in a research note published on April 26, 2024; the price target was increased to $27 from $20. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Canaccord Genuity also remained covering KTOS and has increased its forecast on February 24, 2023 with a “Buy” recommendation from previously “Hold” rating. Canaccord Genuity revised its rating on November 04, 2022. It rated KTOS as “a Hold” which previously was an “a Buy”.

Price Performance Review of KTOS

On Monday, Kratos Defense & Security Solutions Inc [NASDAQ:KTOS] saw its stock fall -1.03% to $18.66. Over the last five days, the stock has gained 4.66%. Kratos Defense & Security Solutions Inc shares have fallen nearly -8.03% since the year began. Nevertheless, the stocks have risen 46.47% over the past one year. While a 52-week high of $21.60 was reached on 02/14/24, a 52-week low of $12.12 was recorded on 02/01/24. SMA at 50 days reached $18.13, while 200 days put it at $17.38. A total of 1.04 million shares were traded, compared to the trading of 1.14 million shares in the previous session.

Levels Of Support And Resistance For KTOS Stock

The 24-hour chart illustrates a support level at 18.46, which if violated will result in even more drops to 18.25. On the upside, there is a resistance level at 19.00. A further resistance level may holdings at 19.34. The Relative Strength Index (RSI) on the 14-day chart is 57.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.95%. Stochastics %K at 56.69% indicates the stock is a holding.

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