Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $131,320.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $18.76, for a total value of $131,320.00. Following the transaction, the insider now directly owns 423,098 shares in the company, valued at $7,937,318.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kratos Defense & Security Solutions Trading Up 2.5 %

Shares of KTOS opened at $18.54 on Friday. The business has a 50-day simple moving average of $17.99 and a two-hundred day simple moving average of $18.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03. Kratos Defense & Security Solutions, Inc. has a 52 week low of $12.12 and a 52 week high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The company had revenue of $273.80 million during the quarter, compared to analyst estimates of $253.39 million. During the same period in the prior year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.25 earnings per share for the current year.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of KTOS. Assenagon Asset Management S.A. bought a new position in Kratos Defense & Security Solutions in the 4th quarter worth $1,628,000. FMR LLC grew its position in shares of Kratos Defense & Security Solutions by 56.4% during the third quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock worth $45,459,000 after purchasing an additional 1,091,380 shares in the last quarter. Profit Investment Management LLC purchased a new position in Kratos Defense & Security Solutions in the 4th quarter worth approximately $2,608,000. SG Americas Securities LLC boosted its stake in Kratos Defense & Security Solutions by 192.7% in the 3rd quarter. SG Americas Securities LLC now owns 80,155 shares of the aerospace company’s stock worth $1,204,000 after purchasing an additional 52,773 shares during the period. Finally, Raymond James & Associates raised its position in shares of Kratos Defense & Security Solutions by 54.6% during the fourth quarter. Raymond James & Associates now owns 188,105 shares of the aerospace company’s stock valued at $3,817,000 after buying an additional 66,442 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KTOS shares. Jefferies Financial Group dropped their price target on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. The Goldman Sachs Group raised their target price on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Raymond James upgraded Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $20.00 to $27.00 in a research note on Friday, April 26th. Finally, Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.14.

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.