Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza 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 value of $27,270.00. Following the completion of the sale, the senior vice president now directly owns 67,030 shares in the company, valued at approximately $1,218,605.40. The transaction 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 value 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 value of $27,075.00.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $17.75 on Thursday. The business’s 50 day moving average price is $18.31 and its two-hundred day moving average price is $18.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.50. Kratos Defense & Security Solutions, Inc. has a twelve month low of $12.12 and a twelve month high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $273.80 million for the quarter, compared to the consensus estimate 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 was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.27 EPS for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors have recently bought and sold shares of KTOS. Vanguard Group Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 12,164,826 shares of the aerospace company’s stock worth $246,824,000 after acquiring an additional 229,472 shares during the period. BlackRock Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 3.6% during the first quarter. BlackRock Inc. now owns 11,312,186 shares of the aerospace company’s stock worth $152,488,000 after acquiring an additional 396,408 shares during the period. State Street Corp boosted its holdings in shares of Kratos Defense & Security Solutions by 11.8% during the second quarter. State Street Corp now owns 6,217,807 shares of the aerospace company’s stock worth $86,303,000 after acquiring an additional 656,295 shares during the period. Bamco Inc. NY boosted its holdings in shares of Kratos Defense & Security Solutions by 4.6% during the fourth quarter. Bamco Inc. NY now owns 4,302,756 shares of the aerospace company’s stock worth $44,404,000 after acquiring an additional 190,000 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 2.5% during the second quarter. Stephens Investment Management Group LLC now owns 4,211,326 shares of the aerospace company’s stock worth $60,390,000 after acquiring an additional 103,772 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.