Thomas E. Iv Mills Sells 6,603 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 6,603 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total value of $164,282.64. Following the sale, the insider now owns 23,848 shares of the company’s stock, valued at $593,338.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $24.85 on Friday. The firm has a market capitalization of $3.75 billion, a PE ratio of 355.00 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. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.36 and a 1 year high of $25.91. The firm’s fifty day simple moving average is $22.88 and its 200 day simple moving average is $21.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s revenue was up 16.8% on a year-over-year basis. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird raised their price target on shares of 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 restated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Truist Financial reiterated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. BTIG Research assumed coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Finally, JMP Securities reiterated a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $25.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James & Associates grew its position in Kratos Defense & Security Solutions by 15.3% during the third quarter. Raymond James & Associates now owns 477,524 shares of the aerospace company’s stock worth $11,126,000 after buying an additional 63,473 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Kratos Defense & Security Solutions by 3.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 138,686 shares of the aerospace company’s stock worth $3,231,000 after purchasing an additional 4,804 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $250,000. Creative Planning lifted its position in Kratos Defense & Security Solutions by 8.7% in the third quarter. Creative Planning now owns 26,665 shares of the aerospace company’s stock worth $621,000 after purchasing an additional 2,125 shares during the period. Finally, ORG Partners LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 16.6% during the 3rd quarter. ORG Partners LLC now owns 32,354 shares of the aerospace company’s stock worth $754,000 after acquiring an additional 4,614 shares during the period. 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.