Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $168,070.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $24.01, for a total transaction of $168,070.00. Following the sale, the insider now owns 356,414 shares of the company’s stock, valued at approximately $8,557,500.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS traded down $0.60 during mid-day trading on Wednesday, reaching $23.59. 1,240,581 shares of the company were exchanged, compared to its average volume of 1,121,519. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.36 and a 52 week high of $25.91. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.56 billion, a PE ratio of 345.57 and a beta of 1.02. The company’s 50 day moving average price is $23.41 and its 200 day moving average price is $21.40.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $300.10 million for 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 revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently modified their holdings of the company. Sei Investments Co. increased its position in shares of Kratos Defense & Security Solutions by 113.1% during the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company’s stock valued at $5,727,000 after buying an additional 165,356 shares during the period. Comerica Bank increased its position in shares of Kratos Defense & Security Solutions by 627.9% during the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock valued at $912,000 after buying an additional 42,817 shares during the period. Swiss National Bank increased its position in shares of Kratos Defense & Security Solutions by 13.2% during the first quarter. Swiss National Bank now owns 287,600 shares of the aerospace company’s stock valued at $5,286,000 after buying an additional 33,500 shares during the period. Vanguard Group Inc. increased its position in shares of Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after buying an additional 1,807,580 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Kratos Defense & Security Solutions by 272.8% during the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock valued at $8,655,000 after buying an additional 316,500 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KTOS. JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. 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 research note on Monday, September 23rd. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $24.00 to $26.00 in a report on Wednesday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.10.

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.