Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $7.15, but opened at $7.16. Kratos Defense & Security Solutions shares last traded at $7.49, with a volume of 530,860 shares trading hands.

Several equities analysts recently issued reports on KTOS shares. Zacks Investment Research raised Kratos Defense & Security Solutions from a “sell” rating to a “buy” rating and set a $4.75 price objective on the stock in a research report on Tuesday, May 10th. Jefferies Group reiterated a “hold” rating and set a $5.00 target price (up from $4.15) on shares of Kratos Defense & Security Solutions in a research note on Saturday, May 7th. Finally, B. Riley reiterated a “buy” rating and set a $9.00 target price on shares of Kratos Defense & Security Solutions in a research note on Monday, May 2nd.

The company has a market capitalization of $446.61 million and a price-to-earnings ratio of 23.76. The firm’s 50 day moving average price is $5.14 and its 200 day moving average price is $4.49.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.10. The company had revenue of $168.20 million for the quarter, compared to analysts’ expectations of $158.93 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) EPS. Equities research analysts predict that Kratos Defense & Security Solutions Inc. will post ($0.14) earnings per share for the current year.

In other news, Director William A. Hoglund bought 150,000 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were bought at an average cost of $5.89 per share, for a total transaction of $883,500.00. Following the acquisition, the director now directly owns 325,000 shares of the company’s stock, valued at approximately $1,914,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric M. Demarco bought 8,904 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was purchased at an average price of $5.56 per share, for a total transaction of $49,506.24. The disclosure for this purchase can be found here.

Kratos Defense & Security Solutions, Inc offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s segments include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the operations of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology-based defense solutions, involving products and services, primarily for the United States National Security priorities.

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