Marie Mendoza Sells 1,355 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,355 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $22.12, for a total value of $29,972.60. Following the sale, the senior vice president now owns 61,963 shares of the company’s stock, valued at approximately $1,370,621.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $20.07, for a total value of $27,194.85.

Kratos Defense & Security Solutions Trading Down 2.6 %

KTOS stock opened at $22.80 on Friday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $13.98 and a 1-year high of $24.08. 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 business’s 50 day moving average is $21.61 and its 200-day moving average is $20.10. The firm has a market cap of $3.44 billion, a P/E ratio of 69.22 and a beta of 1.02.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. Equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KTOS shares. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Royal Bank of Canada boosted their price objective on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. JMP Securities initiated coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 target price for the company. BTIG Research assumed coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.50.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently made changes to their positions in KTOS. TFO Wealth Partners LLC grew its stake in Kratos Defense & Security Solutions by 120,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after buying an additional 1,208 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth approximately $30,000. PNC Financial Services Group Inc. grew its position in Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 1,226 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $36,000. Finally, NBC Securities Inc. acquired a new position in Kratos Defense & Security Solutions in the first quarter worth $33,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

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.