Thomas E. Iv Mills Sells 6,603 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 6,603 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total value of $164,282.64. Following the transaction, the insider now owns 23,848 shares of the company’s stock, valued at $593,338.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Down 2.0 %

Shares of NASDAQ:KTOS traded down $0.52 during mid-day trading on Thursday, hitting $25.22. 556,921 shares of the company traded hands, compared to its average volume of 1,143,440. The stock has a 50-day moving average price of $22.78 and a two-hundred day moving average price of $21.02. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.36 and a 12-month high of $25.91. The stock has a market cap of $3.81 billion, a P/E ratio of 360.29 and a beta of 1.02. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. On average, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating for the company. JMP Securities restated a “market outperform” rating and issued a $27.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Truist Financial reiterated a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Finally, Robert W. Baird raised their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after buying an additional 444 shares during the last quarter. MFA Wealth Advisors LLC bought a new stake in Kratos Defense & Security Solutions in the second quarter worth about $30,000. NBC Securities Inc. bought a new stake in Kratos Defense & Security Solutions in the first quarter worth about $33,000. PNC Financial Services Group Inc. boosted its stake in Kratos Defense & Security Solutions by 222.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $36,000. 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.