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 Kratos Defense & Security Solutions stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $23.37, for a total value of $163,590.00. Following the completion of the sale, the insider now owns 363,417 shares of the company’s stock, valued at approximately $8,493,055.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $25.18 on Friday. The business has a 50 day moving average price of $22.03 and a two-hundred day moving average price of $20.51. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $25.51. The firm has a market cap of $3.80 billion, a PE ratio of 72.78 and a beta of 1.02. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results 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 firm had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

KTOS has been the subject of several recent analyst reports. BTIG Research initiated coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating for the company. JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, Truist Financial reissued a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.00.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently bought and sold shares of the company. TFO Wealth Partners LLC lifted its holdings in Kratos Defense & Security Solutions by 120,800.0% during the 4th 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 stake in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $30,000. NBC Securities Inc. bought a new position in Kratos Defense & Security Solutions during the first quarter worth $33,000. PNC Financial Services Group Inc. boosted its holdings in Kratos Defense & Security Solutions by 222.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,226 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Kratos Defense & Security Solutions during the second quarter valued at $36,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.