Kratos Defense & Security Solutions (NASDAQ:KTOS) SVP Sells 1,013 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,013 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $53.49, for a total value of $54,185.37. Following the sale, the senior vice president owned 65,996 shares of the company’s stock, valued at $3,530,126.04. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marie Mendoza also recently made the following trade(s):

• On Wednesday, April 15th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $75.69, for a total value of $113,535.00.
• On Monday, March 16th, Marie Mendoza sold 1,516 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $88.97, for a total transaction of $134,878.52.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded down $0.75 during trading hours on Tuesday, reaching $53.47. 2,747,650 shares of the stock were exchanged, compared to its average volume of 4,297,410. Kratos Defense & Security Solutions, Inc. has a 52-week low of $34.06 and a 52-week high of $134.00. The stock has a market cap of $10.03 billion, a P/E ratio of 314.53 and a beta of 1.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63. The firm’s 50 day moving average is $71.76 and its 200 day moving average is $82.74.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Mcguire Capital Advisors Inc. acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth $25,000. Caitlin John LLC acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at $32,000. Atlantic Union Bankshares Corp increased its position in shares of Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after buying an additional 380 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at $38,000. Finally, Accredited Wealth Management LLC increased its position in shares of Kratos Defense & Security Solutions by 193.5% in the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after buying an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KTOS shares. Cantor Fitzgerald reissued an “overweight” rating and set a $115.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. Piper Sandler cut their price objective on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. Finally, Truist Financial upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.28.

Kratos Defense & Security Solutions News Summary

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Kratos continues to benefit from rising defense spending and demand for unmanned systems, with recent results showing 22.6% revenue growth and a record backlog.
• Neutral Sentiment: A market article singled out KTOS as a long-term growth name after its pullback, arguing the recent weakness may have improved the entry point versus earlier highs. 3 Undervalued Stocks to Buy Before the Market’s Next Big Move
• Negative Sentiment: Director and executive insider sales, including a 3,000-share sale by Bradley L. Boyd and additional sales by Phillip D. Carrai and Marie Mendoza, may be adding pressure to the stock. SEC filing

Kratos Defense & Security Solutions Company Profile

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.