Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $29,972.60 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.12, for a total transaction of $29,972.60. Following the transaction, the senior vice president now directly owns 61,963 shares in the company, valued at $1,370,621.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 transaction of $27,194.85.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $22.91 on Friday. The firm’s fifty day simple moving average is $21.64 and its 200-day simple moving average is $20.13. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.44 billion, a PE ratio of 70.09 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $24.08.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently bought and sold shares of the company. TFO Wealth Partners LLC boosted its position 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 purchasing an additional 1,208 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth $30,000. NBC Securities Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth about $33,000. PNC Financial Services Group Inc. grew its stake in Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Kratos Defense & Security Solutions during the 2nd quarter valued at about $36,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

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.