Steven S. Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $17.80, for a total transaction of $124,600.00. Following the completion of the transaction, the insider now owns 419,821 shares of the company’s stock, valued at approximately $7,472,813.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $18.38 on Friday. The business has a fifty day simple moving average of $18.18 and a 200-day simple moving average of $17.97. Kratos Defense & Security Solutions, Inc. has a 12 month low of $12.12 and a 12 month 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, topping 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 negative net margin of 0.86% and a positive return on equity of 3.01%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KTOS. The Goldman Sachs Group upped their price target on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Benchmark raised their target price on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently bought and sold shares of the business. TFO Wealth Partners LLC lifted its position in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 1,208 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of 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 buying an additional 1,226 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Kratos Defense & Security Solutions by 100.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 1,000 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $32,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $47,000. 75.92% of the stock is 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. 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.