Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 7,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $24.01, for a total value of $168,070.00. Following the completion of the sale, the insider now owns 356,414 shares of the company’s stock, valued at $8,557,500.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kratos Defense & Security Solutions Stock Down 2.5 %

NASDAQ KTOS traded down $0.60 during trading hours on Wednesday, hitting $23.59. The company’s stock had a trading volume of 1,240,581 shares, compared to its average volume of 1,121,519. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.36 and a 52 week high of $25.91. The company has a market capitalization of $3.56 billion, a PE ratio of 345.57 and a beta of 1.02. 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 company’s 50-day simple moving average is $23.41 and its two-hundred day simple moving average is $21.40.

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 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 business had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. During the same quarter last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on KTOS shares. 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. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Robert W. Baird upped their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Truist Financial reaffirmed a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Finally, B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.10.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at about $46,177,000. Vanguard Group Inc. increased its stake in Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after buying an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 108.7% in the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after buying an additional 1,331,499 shares during the last quarter. Element Capital Management LLC purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at about $11,198,000. Finally, Bamco Inc. NY increased its stake in Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after buying an additional 511,538 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

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.