Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $29,972.60 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the transaction, the senior vice president now directly owns 61,963 shares of the company’s stock, valued at $1,370,621.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marie Mendoza also recently made the following trade(s):

• On Thursday, August 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $20.07, for a total value of $27,194.85.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $22.91 on Friday. The business has a 50-day moving average of $21.64 and a two-hundred day moving average of $20.13. The firm has a market capitalization of $3.44 billion, a PE ratio of 70.09 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. Kratos Defense & Security Solutions, Inc. has a 12 month low of $13.98 and a 12 month high of $24.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $300.10 million during the quarter, compared to the consensus estimate of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

KTOS has been the topic of several analyst reports. Royal Bank of Canada raised their price target 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. JMP Securities started coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 target price for the company. BTIG Research initiated coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. upped their target price on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research note 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. grew its stake in shares of Kratos Defense & Security Solutions by 113.1% in the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company’s stock valued at $5,727,000 after buying an additional 165,356 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Kratos Defense & Security Solutions by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,990,920 shares of the aerospace company’s stock valued at $80,978,000 after acquiring an additional 195,615 shares in the last quarter. Comerica Bank raised its stake in shares of Kratos Defense & Security Solutions by 627.9% during the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 42,817 shares during the period. Swiss National Bank lifted its position in shares of Kratos Defense & Security Solutions by 13.2% during the first quarter. Swiss National Bank now owns 287,600 shares of the aerospace company’s stock worth $5,286,000 after purchasing an additional 33,500 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 12,164,826 shares of the aerospace company’s stock valued at $246,824,000 after purchasing an additional 229,472 shares during the period. 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.