Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $14,760.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $14.76, for a total transaction of $14,760.00. Following the completion of the transaction, the senior vice president now owns 38,523 shares in the company, valued at $568,599.48. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, August 15th, Marie Mendoza sold 1,000 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $15.96, for a total transaction of $15,960.00.
• On Thursday, July 20th, Marie Mendoza sold 1,000 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $14.00, for a total transaction of $14,000.00.

Kratos Defense & Security Solutions Stock Down 0.8 %

Shares of NASDAQ:KTOS opened at $14.60 on Monday. The company has a quick ratio of 1.76, a current ratio of 2.34 and a debt-to-equity ratio of 0.25. Kratos Defense & Security Solutions, Inc. has a 52-week low of $8.90 and a 52-week high of $17.31. The company has a 50 day moving average of $15.03 and a two-hundred day moving average of $14.00. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -73.00 and a beta of 0.78.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 2.69% and a positive return on equity of 1.91%. The company had revenue of $256.90 million during the quarter, compared to the consensus estimate of $235.93 million. During the same quarter last year, the company earned $0.03 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently made changes to their positions in KTOS. American International Group Inc. lifted its stake in Kratos Defense & Security Solutions by 1.1% during the second quarter. American International Group Inc. now owns 60,329 shares of the aerospace company’s stock worth $865,000 after purchasing an additional 678 shares during the last quarter. Bessemer Group Inc. lifted its stake in Kratos Defense & Security Solutions by 43.0% during the second 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. AdvisorNet Financial Inc lifted its stake in Kratos Defense & Security Solutions by 36.9% during the first 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. Commonwealth Equity Services LLC increased its position in Kratos Defense & Security Solutions by 8.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,298 shares of the aerospace company’s stock worth $116,000 after buying an additional 884 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position in Kratos Defense & Security Solutions by 10.0% in the second quarter. Ameritas Investment Partners Inc. now owns 10,350 shares of the aerospace company’s stock worth $148,000 after buying an additional 945 shares during the period. 83.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KTOS shares. TheStreet raised shares of Kratos Defense & Security Solutions from a “d+” rating to a “c-” rating in a research note on Wednesday, August 9th. Raymond James started coverage on shares of Kratos Defense & Security Solutions in a research note on Thursday, July 20th. They set an “outperform” rating and a $17.00 price objective for the company. StockNews.com assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Thursday, August 17th. They set a “hold” rating for the company. Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, August 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Kratos Defense & Security Solutions from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.29.

Kratos Defense & Security Solutions Company Profile

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.