Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $27,270.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $18.18, for a total value of $27,270.00. Following the completion of the transaction, the senior vice president now directly owns 67,030 shares in the company, valued at $1,218,605.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Marie Mendoza also recently made the following trade(s):

• On Friday, March 15th, Marie Mendoza sold 1,038 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $17.21, for a total value of $17,863.98.
• On Monday, March 4th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $18.05, for a total value of $27,075.00.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS traded up $0.12 during midday trading on Wednesday, hitting $17.75. The stock had a trading volume of 707,767 shares, compared to its average volume of 1,330,227. The company has a market capitalization of $2.66 billion, a PE ratio of -295.78 and a beta of 0.80. The stock has a 50 day simple moving average of $18.31 and a 200-day simple moving average of $18.33. Kratos Defense & Security Solutions, Inc. has a 1 year low of $12.12 and a 1 year high of $21.60. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $273.80 million for the quarter, compared to the consensus estimate of $253.39 million. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. On average, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on KTOS. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 target price on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. Jefferies Financial Group lowered their target price on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Benchmark upped their target price on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group increased their price target on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Finally, Truist Financial increased their price target on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.14.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in KTOS. JPMorgan Chase & Co. increased its holdings in shares of Kratos Defense & Security Solutions by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 158,678 shares of the aerospace company’s stock valued at $3,249,000 after purchasing an additional 29,108 shares during the last quarter. Raymond James & Associates increased its stake in Kratos Defense & Security Solutions by 36.0% during the first quarter. Raymond James & Associates now owns 103,393 shares of the aerospace company’s stock worth $2,117,000 after acquiring an additional 27,379 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Kratos Defense & Security Solutions by 32.4% during the first quarter. Bank of New York Mellon Corp now owns 777,199 shares of the aerospace company’s stock worth $15,917,000 after acquiring an additional 190,343 shares during the last quarter. MetLife Investment Management LLC increased its stake in Kratos Defense & Security Solutions by 54.0% during the first quarter. MetLife Investment Management LLC now owns 65,490 shares of the aerospace company’s stock worth $1,341,000 after acquiring an additional 22,960 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Kratos Defense & Security Solutions by 3.2% during the first quarter. BlackRock Inc. now owns 9,572,976 shares of the aerospace company’s stock worth $196,054,000 after acquiring an additional 294,143 shares during the last quarter. Institutional investors and hedge funds 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.