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, June 24th. The shares were sold at an average price of $21.09, for a total value of $147,630.00. Following the completion of the transaction, the insider now directly owns 384,160 shares in the company, valued at approximately $8,101,934.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $20.01 on Friday. The company has a current ratio of 3.02, a quick ratio of 2.47 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions, Inc. has a 12-month low of $13.13 and a 12-month high of $22.77. The stock has a 50-day moving average price of $20.06 and a 200 day moving average price of $19.09. The stock has a market capitalization of $3.00 billion, a P/E ratio of 76.19 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $250.48 million. During the same quarter last year, the business posted $0.01 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. Equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday. BTIG Research initiated coverage on Kratos Defense & Security Solutions in a report on Wednesday. They issued a “neutral” rating on the stock. Jefferies Financial Group lowered their target price 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. raised their price objective on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Finally, JMP Securities assumed coverage on Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price objective on the stock. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Institutional Trading of Kratos Defense & Security Solutions

Several institutional investors have recently made changes to their positions in KTOS. TFO Wealth Partners LLC grew its position in shares of Kratos Defense & Security Solutions by 120,800.0% during 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. NBC Securities Inc. purchased a new position in Kratos Defense & Security Solutions during the 1st quarter valued at approximately $33,000. PNC Financial Services Group Inc. grew its holdings in 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 in the last quarter. EntryPoint Capital LLC grew its holdings in Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock valued at $43,000 after buying an additional 1,506 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Kratos Defense & Security Solutions during the 4th quarter valued at approximately $47,000. Hedge funds and other 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.