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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $22.68, for a total value of $158,760.00. Following the sale, the insider now owns 377,322 shares in the company, valued at $8,557,662.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $22.54 on Thursday. The stock has a fifty day moving average price of $21.00 and a two-hundred day moving average price of $19.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.47 and a current ratio of 3.02. The firm has a market cap of $3.38 billion, a P/E ratio of 86.11 and a beta of 1.05. Kratos Defense & Security Solutions, Inc. has a 1 year low of $13.98 and a 1 year high of $22.96.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, beating 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 quarter in the prior year, the firm earned $0.01 EPS. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. Research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JMP Securities assumed coverage on Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price objective for the company. Royal Bank of Canada increased their price objective on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Raymond James raised Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $20.00 to $27.00 in a report on Friday, April 26th. JPMorgan Chase & Co. increased their price objective 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. Finally, Jefferies Financial Group decreased their price objective on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Five 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 stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average price target of $23.50.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors lifted its holdings in shares of Kratos Defense & Security Solutions by 0.9% in the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock valued at $1,113,000 after purchasing an additional 500 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 0.4% in the first quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock valued at $3,503,000 after purchasing an additional 750 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 1.6% in the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock valued at $1,177,000 after purchasing an additional 982 shares in the last quarter. LGL Partners LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 2.0% in the fourth quarter. LGL Partners LLC now owns 51,000 shares of the aerospace company’s stock valued at $1,035,000 after purchasing an additional 999 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings 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 valued at $25,000 after purchasing an additional 1,208 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.