Insider Selling: Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) CEO Sells $161,000.00 in Stock

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) CEO Eric M. Demarco sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $16.10, for a total transaction of $161,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Eric M. Demarco also recently made the following trade(s):

  • On Monday, June 22nd, Eric M. Demarco sold 10,000 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $16.47, for a total transaction of $164,700.00.
  • On Thursday, May 21st, Eric M. Demarco sold 10,000 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $16.55, for a total transaction of $165,500.00.

KTOS opened at $19.40 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.49 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2.38 billion, a P/E ratio of 215.58 and a beta of 1.20. The stock has a 50-day moving average price of $16.47 and a 200-day moving average price of $16.57. Kratos Defense & Security Solutions, Inc has a 12-month low of $5.00 and a 12-month high of $25.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Thursday, May 7th. The aerospace company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. The company had revenue of $168.90 million during the quarter, compared to the consensus estimate of $164.28 million. Kratos Defense & Security Solutions had a return on equity of 4.24% and a net margin of 1.27%. Kratos Defense & Security Solutions’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. On average, equities research analysts predict that Kratos Defense & Security Solutions, Inc will post 0.25 EPS for the current year.

Several research analysts have recently weighed in on KTOS shares. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Monday, June 22nd. ValuEngine upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research report on Friday, July 10th. Benchmark raised their price target on Kratos Defense & Security Solutions from $19.00 to $26.00 and gave the company a “buy” rating in a report on Friday. Canaccord Genuity reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Friday. Finally, BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Kratos Defense & Security Solutions presently has a consensus rating of “Buy” and a consensus target price of $22.56.

Institutional investors and hedge funds have recently made changes to their positions in the company. Blueshift Asset Management LLC bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $502,000. Rhumbline Advisers boosted its holdings in Kratos Defense & Security Solutions by 1.1% during the 1st quarter. Rhumbline Advisers now owns 122,891 shares of the aerospace company’s stock valued at $1,701,000 after acquiring an additional 1,316 shares during the period. Baird Financial Group Inc. grew its position in Kratos Defense & Security Solutions by 31.4% during the 1st quarter. Baird Financial Group Inc. now owns 13,976 shares of the aerospace company’s stock worth $193,000 after acquiring an additional 3,341 shares during the last quarter. Geode Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 1,346,116 shares of the aerospace company’s stock worth $18,630,000 after purchasing an additional 91,373 shares during the period. Finally, Amalgamated Bank lifted its position in Kratos Defense & Security Solutions by 4.4% in the fourth quarter. Amalgamated Bank now owns 16,682 shares of the aerospace company’s stock valued at $300,000 after purchasing an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 85.42% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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Insider Buying and Selling by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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