Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 9.1% Following Insider Selling

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Kratos Defense & Security Solutions (NASDAQ:KTOS) saw its stock price drop 9.1% on Friday after two insiders, SVP Marie Mendoza and Phillip D. Carrai, sold a combined total of 8,000 shares. Despite this insider selling and a new “neutral” rating from UBS, the company has received generally positive analyst ratings with a “Moderate Buy” consensus and significant price target increases from firms like KeyCorp and B. Riley. Positive operational developments, including wins in hypersonics and new campus groundbreaking by Prometheus Energetics, contribute to a positive long-term outlook for the company.

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