Marie Mendoza Sells 1,355 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,355 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $22.12, for a total transaction of $29,972.60. Following the sale, the senior vice president now directly owns 61,963 shares in the company, valued at $1,370,621.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, August 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $20.07, for a total value of $27,194.85.

Kratos Defense & Security Solutions Stock Down 2.6 %

Shares of NASDAQ KTOS opened at $22.80 on Friday. The firm has a 50 day moving average price of $21.61 and a 200 day moving average price of $20.10. 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 stock has a market cap of $3.44 billion, a P/E ratio of 69.22 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 52-week low of $13.98 and a 52-week high of $24.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $300.10 million during the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

KTOS has been the subject of a number of recent research reports. BTIG Research assumed coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a “neutral” rating for the company. Benchmark reissued a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. JMP Securities began coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Finally, Royal Bank of Canada raised their price objective on shares of 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 research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently modified their holdings of KTOS. Arkadios Wealth Advisors grew its position in shares of Kratos Defense & Security Solutions by 0.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock valued at $1,113,000 after purchasing an additional 500 shares during the period. Register Financial Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 0.4% in the first quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock valued at $3,503,000 after buying an additional 750 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 1.6% in the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock valued at $1,177,000 after buying an additional 982 shares during the period. Rhumbline Advisers increased its position in shares of Kratos Defense & Security Solutions by 0.5% during the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after acquiring an additional 1,092 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in shares of Kratos Defense & Security Solutions by 120,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 1,208 shares during the period. 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.