Marie Mendoza Sells 1,500 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, April 15th. The stock was sold at an average price of $18.18, for a total transaction of $27,270.00. Following the transaction, the senior vice president now owns 67,030 shares in the company, valued at approximately $1,218,605.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, March 15th, Marie Mendoza sold 1,038 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $17.21, for a total transaction of $17,863.98.
• On Monday, March 4th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $18.05, for a total transaction of $27,075.00.

Kratos Defense & Security Solutions Trading Down 0.8 %

KTOS opened at $17.61 on Friday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $12.12 and a 1-year high of $21.60. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.64 billion, a P/E ratio of -293.45 and a beta of 0.80. The company has a fifty day moving average price of $18.31 and a two-hundred day moving average price of $18.33.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The firm had revenue of $273.80 million during the quarter, compared to the consensus estimate of $253.39 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on KTOS. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Jefferies Financial Group dropped their target price on shares of 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. The Goldman Sachs Group boosted their target price on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. Finally, Benchmark boosted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $21.14.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $1,628,000. FMR LLC increased its position in shares of Kratos Defense & Security Solutions by 56.4% during the third quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock worth $45,459,000 after acquiring an additional 1,091,380 shares in the last quarter. Profit Investment Management LLC bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $2,608,000. SG Americas Securities LLC increased its position in shares of Kratos Defense & Security Solutions by 192.7% during the third quarter. SG Americas Securities LLC now owns 80,155 shares of the aerospace company’s stock worth $1,204,000 after acquiring an additional 52,773 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of Kratos Defense & Security Solutions by 54.6% during the fourth quarter. Raymond James & Associates now owns 188,105 shares of the aerospace company’s stock worth $3,817,000 after acquiring an additional 66,442 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

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.