Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Sells $189,990.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Scott I. Anderson sold 9,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $21.11, for a total value of $189,990.00. Following the completion of the transaction, the director now directly owns 81,735 shares of the company’s stock, valued at approximately $1,725,425.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Stock Up 4.5 %

Shares of NASDAQ:KTOS opened at $21.16 on Monday. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 63.25 and a beta of 1.05. Kratos Defense & Security Solutions, Inc. has a 12 month low of $13.98 and a 12 month high of $22.96. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $20.75 and a 200 day moving average price of $19.55.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $300.10 million during the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS. As a group, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.29 earnings per share for the current year.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently bought and sold shares of the stock. TFO Wealth Partners LLC raised its stake in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 1,208 shares during the period. MFA Wealth Advisors LLC purchased a new stake in Kratos Defense & Security Solutions in the 2nd quarter worth about $30,000. NBC Securities Inc. bought a new stake in Kratos Defense & Security Solutions in the first quarter worth about $33,000. PNC Financial Services Group Inc. boosted its position in shares of Kratos Defense & Security Solutions by 222.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,226 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $36,000. 75.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KTOS has been the subject of several recent analyst reports. JMP Securities started coverage on Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price target for the company. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a “neutral” rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Raymond James raised shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $20.00 to $27.00 in a report on Friday, April 26th. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, June 28th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Kratos Defense & Security Solutions Company Profile

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.