Kratos Defense & Security Solutions (NASDAQ:KTOS) CEO Eric Demarco Sells 200,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric Demarco sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $80.53, for a total value of $16,106,000.00. Following the transaction, the chief executive officer directly owned 796,237 shares of the company’s stock, valued at $64,120,965.61. The trade was a 20.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $82.30 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $112.57. The firm has a market cap of $13.90 billion, a P/E ratio of 633.13 and a beta of 1.14. The business’s 50 day moving average price is $78.99 and its 200-day moving average price is $69.10.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $347.60 million during the quarter, compared to analyst estimates of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The firm’s revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on KTOS shares. Stifel Nicolaus raised their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. BNP Paribas Exane initiated coverage on Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. They set a “neutral” rating and a $80.00 price target on the stock. Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. Finally, BNP Paribas set a $80.00 target price on shares of Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. bought a new position in Kratos Defense & Security Solutions in the 2nd quarter worth about $30,000. Rakuten Securities Inc. bought a new position in Kratos Defense & Security Solutions during the second quarter valued at approximately $31,000. Bayforest Capital Ltd purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth approximately $32,000. Caitlin John LLC purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth approximately $32,000. Finally, Twin Tree Management LP bought a new stake in Kratos Defense & Security Solutions in the 1st quarter worth approximately $37,000. 75.92% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.