Steven S. Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $33.16, for a total value of $232,120.00. Following the sale, the insider now owns 365,461 shares in the company, valued at approximately $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Stock Up 2.7 %

Shares of KTOS opened at $33.65 on Friday. The firm has a market cap of $5.08 billion, a P/E ratio of 336.53 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $35.66. The stock has a 50 day simple moving average of $28.80 and a two-hundred day simple moving average of $25.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 920 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 68.7% during the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares during the period. Hemington Wealth Management grew its holdings in shares of Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 631 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Kratos Defense & Security Solutions in the third quarter worth $39,000. Finally, Meeder Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $53,000. Hedge funds and other institutional investors 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.