Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $168,070.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $24.01, for a total value of $168,070.00. Following the completion of the sale, the insider now owns 356,414 shares of the company’s stock, valued at approximately $8,557,500.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $23.59 on Thursday. The company’s fifty day moving average is $23.41 and its two-hundred day moving average is $21.40. The company has a market cap of $3.56 billion, a P/E ratio of 337.00 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.36 and a 12-month high of $25.91. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. During the same period in the previous year, the firm earned $0.05 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds have recently made changes to their positions in the stock. Contravisory Investment Management Inc. grew its position in Kratos Defense & Security Solutions by 68.7% during the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after buying an additional 920 shares during the period. MFA Wealth Advisors LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at $30,000. PNC Financial Services Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $36,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KTOS has been the topic of several research reports. Truist Financial reiterated a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Robert W. Baird increased their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a report on Wednesday. Finally, JMP Securities reissued a “market outperform” rating and set a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.10.

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. 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.