Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Acquires $250,275.24 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco bought 12,396 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $20.19 per share, for a total transaction of $250,275.24. Following the transaction, the chief executive officer now owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock traded up $0.40 during midday trading on Thursday, hitting $20.24. 706,032 shares of the company’s stock were exchanged, compared to its average volume of 1,178,442. Kratos Defense & Security Solutions, Inc. has a 52-week low of $13.98 and a 52-week high of $22.96. The stock has a 50-day moving average price of $20.75 and a two-hundred day moving average price of $19.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The company has a market cap of $3.04 billion, a P/E ratio of 61.64 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $276.08 million. During the same period in the prior year, the business earned $0.05 EPS. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. TFO Wealth Partners LLC raised its position 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 valued at $25,000 after purchasing an additional 1,208 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $30,000. PNC Financial Services Group Inc. raised its position in Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,226 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $36,000. Finally, NBC Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $33,000. Institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

KTOS has been the topic of several recent analyst reports. BTIG Research initiated coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a “neutral” rating on the stock. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, June 28th. JPMorgan Chase & Co. upped their target price on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. JMP Securities began coverage on Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price target for the company. Finally, Royal Bank of Canada increased their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

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.