Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells 1,500 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $18.18, for a total transaction of $27,270.00. Following the transaction, the senior vice president now directly owns 67,030 shares of the company’s stock, valued at $1,218,605.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, March 15th, Marie Mendoza sold 1,038 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $17.21, for a total transaction of $17,863.98.
• On Monday, March 4th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $18.05, for a total transaction of $27,075.00.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $17.61 on Friday. The company has a 50 day moving average price of $18.31 and a 200-day moving average price of $18.33. Kratos Defense & Security Solutions, Inc. has a 52 week low of $12.12 and a 52 week high of $21.60. The firm has a market capitalization of $2.64 billion, a PE ratio of -293.45 and a beta of 0.80. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The firm had revenue of $273.80 million during the quarter, compared to analyst estimates of $253.39 million. During the same period in the previous year, the business posted $0.03 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KTOS shares. Jefferies Financial Group lowered their price target on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Truist Financial raised their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Benchmark raised their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group raised their price objective on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $21.14.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $1,628,000. FMR LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 56.4% in the third quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock worth $45,459,000 after buying an additional 1,091,380 shares during the last quarter. Profit Investment Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $2,608,000. SG Americas Securities LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 192.7% in the third quarter. SG Americas Securities LLC now owns 80,155 shares of the aerospace company’s stock worth $1,204,000 after buying an additional 52,773 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Kratos Defense & Security Solutions by 54.6% in the fourth quarter. Raymond James & Associates now owns 188,105 shares of the aerospace company’s stock worth $3,817,000 after buying an additional 66,442 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.