Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $124,600.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $17.80, for a total value of $124,600.00. Following the completion of the sale, the insider now owns 419,821 shares of the company’s stock, valued at approximately $7,472,813.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Kratos Defense & Security Solutions Trading Up 1.9 %

Shares of KTOS opened at $18.13 on Thursday. The stock has a fifty day moving average price of $18.18 and a two-hundred day moving average price of $17.97. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -302.12 and a beta of 0.80. Kratos Defense & Security Solutions, Inc. has a 52-week low of $12.12 and a 52-week high of $21.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $273.80 million during the quarter, compared to analysts’ expectations of $253.39 million. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.03 EPS. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Truist Financial raised their target price on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. The Goldman Sachs Group raised their target price on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Finally, Benchmark lifted their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Kratos Defense & Security Solutions by 56.4% during the third quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock worth $45,459,000 after purchasing an additional 1,091,380 shares during the period. SG Americas Securities LLC grew its position 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 valued at $1,204,000 after purchasing an additional 52,773 shares during the last quarter. Profit Investment Management LLC acquired a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $2,608,000. Rafferty Asset Management LLC increased its stake in Kratos Defense & Security Solutions by 6.8% during the 3rd quarter. Rafferty Asset Management LLC now owns 41,038 shares of the aerospace company’s stock worth $616,000 after acquiring an additional 2,596 shares during the period. Finally, Wellington Management Group LLP increased its stake in Kratos Defense & Security Solutions by 23.0% during the 3rd quarter. Wellington Management Group LLP now owns 366,089 shares of the aerospace company’s stock worth $5,499,000 after acquiring an additional 68,566 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

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.