Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $27,194.85 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Trading Up 4.5 %

Shares of NASDAQ KTOS opened at $21.16 on Monday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $13.98 and a twelve month high of $22.96. The firm has a market cap of $3.18 billion, a PE ratio of 63.25 and a beta of 1.05. The business has a fifty day simple moving average of $20.75 and a two-hundred day simple moving average of $19.55. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The company had revenue of $300.10 million during the quarter, compared to analyst estimates of $276.08 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KTOS shares. JMP Securities initiated coverage on Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 target price on the stock. Benchmark restated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, June 28th. BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating on the stock. Royal Bank of Canada raised their price objective on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. increased their price target on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently bought and sold shares of KTOS. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Kratos Defense & Security Solutions by 6.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,415 shares of the aerospace company’s stock valued at $1,206,000 after acquiring an additional 3,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kratos Defense & Security Solutions by 18.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,250 shares of the aerospace company’s stock worth $533,000 after purchasing an additional 3,997 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Kratos Defense & Security Solutions by 11.4% in the 4th quarter. New York State Common Retirement Fund now owns 166,779 shares of the aerospace company’s stock valued at $3,384,000 after buying an additional 17,077 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $47,000. Finally, Van ECK Associates Corp boosted its stake in Kratos Defense & Security Solutions by 70.4% in the fourth quarter. Van ECK Associates Corp now owns 85,230 shares of the aerospace company’s stock valued at $1,729,000 after acquiring an additional 35,217 shares in the last quarter. Institutional investors 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.