Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza Sells 2,419 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 2,419 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $41.87, for a total transaction of $101,283.53. Following the sale, the senior vice president now owns 67,488 shares of the company’s stock, valued at $2,825,722.56. This trade represents a 3.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $42.16 on Thursday. The company’s fifty day simple moving average is $36.06 and its 200-day simple moving average is $31.71. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. The firm has a market cap of $6.47 billion, a PE ratio of 324.33 and a beta of 0.99. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $44.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KTOS. Noble Financial raised their target price on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday. Truist Financial lifted their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Royal Bank Of Canada lifted their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Benchmark lifted their price target on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.78.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in shares of Kratos Defense & Security Solutions by 17.5% in the fourth quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company’s stock valued at $7,808,000 after purchasing an additional 44,048 shares during the period. Veracity Capital LLC bought a new stake in Kratos Defense & Security Solutions during the first quarter worth about $471,000. Moran Wealth Management LLC bought a new stake in Kratos Defense & Security Solutions during the fourth quarter worth about $447,000. Meitav Investment House Ltd. bought a new stake in Kratos Defense & Security Solutions during the fourth quarter worth about $390,000. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 27.4% in the first quarter. Robertson Stephens Wealth Management LLC now owns 38,690 shares of the aerospace company’s stock worth $1,149,000 after acquiring an additional 8,319 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.