Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $232,120.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $33.16, for a total value of $232,120.00. Following the completion of the transaction, the insider now directly owns 365,461 shares of the company’s stock, valued at $12,118,686.76. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Trading Down 0.8 %

Shares of NASDAQ:KTOS opened at $33.37 on Friday. The firm has a fifty day moving average of $29.08 and a two-hundred day moving average of $25.16. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.71 and a 12-month high of $35.66. The firm has a market capitalization of $5.04 billion, a P/E ratio of 333.73 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The firm had revenue of $275.90 million for the quarter, compared to analyst estimates of $278.47 million. During the same period in the previous year, the business posted $0.08 EPS. On average, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KTOS shares. Truist Financial lifted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JMP Securities boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. Jefferies Financial Group upped their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Finally, StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus price target of $28.30.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently added to or reduced their stakes in KTOS. Marshall Wace LLP grew its position in Kratos Defense & Security Solutions by 393.1% in the second quarter. Marshall Wace LLP now owns 282,053 shares of the aerospace company’s stock worth $5,644,000 after acquiring an additional 224,850 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Kratos Defense & Security Solutions in the second quarter worth $107,000. AQR Capital Management LLC increased its position in Kratos Defense & Security Solutions by 125.2% during the second quarter. AQR Capital Management LLC now owns 37,116 shares of the aerospace company’s stock worth $743,000 after buying an additional 20,635 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Kratos Defense & Security Solutions by 13.2% during the second quarter. The Manufacturers Life Insurance Company now owns 77,516 shares of the aerospace company’s stock valued at $1,551,000 after buying an additional 9,032 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth about $302,000. 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.