Kratos Defense & Security Solutions (NASDAQ:KTOS) Sees Strong Trading Volume

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) saw strong trading volume on Thursday . 390,304 shares were traded during trading, a decline of 52% from the previous session’s volume of 810,552 shares.The stock last traded at $15.66 and had previously closed at $15.65.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. TheStreet raised Kratos Defense & Security Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, August 9th. Raymond James assumed coverage on Kratos Defense & Security Solutions in a report on Thursday, July 20th. They set an “outperform” rating and a $17.00 price objective for the company. StockNews.com assumed coverage on Kratos Defense & Security Solutions in a report on Thursday, August 17th. They set a “hold” rating for the company. JPMorgan Chase & Co. boosted their price objective on Kratos Defense & Security Solutions from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Finally, Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Hold” and an average target price of $16.29.

Kratos Defense & Security Solutions Trading Up 2.8 %

The stock has a market capitalization of $2.06 billion, a P/E ratio of -80.85 and a beta of 0.80. The company has a current ratio of 2.34, a quick ratio of 1.76 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $14.77 and a 200 day moving average price of $13.71.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $256.90 million during the quarter, compared to analyst estimates of $235.93 million. Kratos Defense & Security Solutions had a positive return on equity of 1.91% and a negative net margin of 2.69%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. On average, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 25,000 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $14.42, for a total value of $360,500.00. Following the completion of the sale, the insider now directly owns 347,045 shares in the company, valued at $5,004,388.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Steven S. Fendley sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $14.42, for a total value of $360,500.00. Following the completion of the transaction, the insider now directly owns 347,045 shares in the company, valued at $5,004,388.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jane Elizabeth Judd sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $17.19, for a total value of $120,330.00. Following the completion of the transaction, the director now owns 18,420 shares of the company’s stock, valued at $316,639.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,992 shares of company stock worth $3,077,140. 2.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. acquired a new stake in Kratos Defense & Security Solutions in the second quarter valued at approximately $32,000. Spire Wealth Management grew its holdings in Kratos Defense & Security Solutions by 2,500.0% in the first quarter. Spire Wealth Management now owns 2,600 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 2,500 shares during the period. Bessemer Group Inc. grew its holdings in Kratos Defense & Security Solutions by 43.0% in the second quarter. Bessemer Group Inc. now owns 2,507 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 754 shares during the period. Ellevest Inc. grew its holdings in Kratos Defense & Security Solutions by 92.6% in the first quarter. Ellevest Inc. now owns 2,837 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 1,364 shares during the period. Finally, AdvisorNet Financial Inc grew its holdings in Kratos Defense & Security Solutions by 36.9% in the first quarter. AdvisorNet Financial Inc now owns 2,970 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 800 shares during the period. 83.60% of the stock is currently owned by hedge funds and other institutional investors.

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. The company develops and fields transformative, affordable systems, products, and solutions. It operates through two segments, Kratos Government Solutions and Unmanned Systems.