Kratos Defense & Security Solutions (NASDAQ:KTOS) SVP Marie Mendoza Sells 1,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $48.50, for a total transaction of $48,500.00. Following the transaction, the senior vice president owned 61,200 shares of the company’s stock, valued at approximately $2,968,200. The trade was a 1.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 Monday, August 17th, Marie Mendoza sold 1,513 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $64.37, for a total transaction of $97,391.81.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock traded up $0.07 during trading hours on Thursday, hitting $47.66. The company’s stock had a trading volume of 3,627,657 shares, compared to its average volume of 3,128,479. The company has a current ratio of 5.54, a quick ratio of 4.99 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $51.76 and a 200-day moving average of $60.76. Kratos Defense & Security Solutions, Inc. has a twelve month low of $43.09 and a twelve month high of $134.00. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 280.35 and a beta of 1.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%.The firm had revenue of $458.80 million during the quarter, compared to the consensus estimate of $410.36 million. During the same period in the previous year, the firm posted $0.11 EPS. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $104,807,000. Bank of New York Mellon Corp bought a new stake in Kratos Defense & Security Solutions in the second quarter valued at approximately $65,293,000. Bamco Inc. NY acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $53,746,000. American Capital Management Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $51,338,000. Finally, Paradigm Capital Management Inc. NY acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $34,842,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KTOS. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $99.00 to $82.00 in a research report on Friday, June 12th. Canaccord Genuity Group raised their price target on shares of Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Jefferies Financial Group set a $105.00 price target on shares of Kratos Defense & Security Solutions in a report on Wednesday, August 5th. Citigroup reissued a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 28th. Finally, Wedbush initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, June 30th. They set an “outperform” rating and a $85.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.06.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense and commercial applications. The company primarily serves the U.S. Department of Defense and other government agencies, while also supporting allied governments and selected commercial customers.

Its offerings include unmanned aerial and ground systems, target drones, tactical drones, satellite communications systems, space-related products, missile defense technology, hypersonic and high-speed systems, radar and command-and-control solutions, and microwave electronics.