Jonah Adelman Sells 90,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report) insider Jonah Adelman sold 90,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $21.58, for a total value of $1,942,200.00. Following the sale, the insider now directly owns 44,348 shares of the company’s stock, valued at approximately $957,029.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Trading Down 2.3 %

Shares of KTOS stock opened at $20.80 on Friday. The company has a market cap of $3.12 billion, a PE ratio of 81.15 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.02 and a quick ratio of 2.47. The stock’s 50 day simple moving average is $19.37 and its two-hundred day simple moving average is $19.02. Kratos Defense & Security Solutions, Inc. has a 1 year low of $13.13 and a 1 year high of $22.77.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The company had revenue of $277.20 million during the quarter, compared to the consensus estimate of $250.48 million. During the same period last year, the company earned $0.01 earnings per share. Kratos Defense & Security Solutions’s revenue was up 19.6% on a year-over-year basis. Research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

KTOS has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Raymond James raised shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $20.00 to $27.00 in a report on Friday, April 26th. Jefferies Financial Group decreased their price target on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of 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. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Thursday, April 25th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

View Our Latest Research Report on Kratos Defense & Security Solutions

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KTOS. Westwood Holdings Group Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $46,177,000. Loomis Sayles & Co. L P purchased a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at $36,937,000. Vanguard Group Inc. grew its position in Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after acquiring an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 108.7% in the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after purchasing an additional 1,331,499 shares during the period. Finally, FMR LLC lifted its position in shares of Kratos Defense & Security Solutions by 56.4% during the third quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock worth $45,459,000 after purchasing an additional 1,091,380 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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