Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 7,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $33.16, for a total transaction of $232,120.00. Following the sale, the insider now directly owns 365,461 shares of the company’s stock, valued at approximately $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Kratos Defense & Security Solutions Trading Down 0.8 %

Shares of Kratos Defense & Security Solutions stock opened at $33.37 on Friday. The company’s fifty day moving average price is $29.08 and its two-hundred day moving average price is $25.16. The firm has a market capitalization of $5.04 billion, a PE ratio of 333.73 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.71 and a 52-week high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $275.90 million during the quarter, compared to analyst estimates of $278.47 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. During the same period last year, the company earned $0.08 EPS. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KTOS. Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Jefferies Financial Group raised their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.30.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP lifted its holdings in shares of Kratos Defense & Security Solutions by 393.1% during the second quarter. Marshall Wace LLP now owns 282,053 shares of the aerospace company’s stock valued at $5,644,000 after acquiring an additional 224,850 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth about $107,000. AQR Capital Management LLC increased its position in shares of Kratos Defense & Security Solutions by 125.2% during the 2nd quarter. AQR Capital Management LLC now owns 37,116 shares of the aerospace company’s stock worth $743,000 after purchasing an additional 20,635 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Kratos Defense & Security Solutions by 13.2% in the second quarter. The Manufacturers Life Insurance Company now owns 77,516 shares of the aerospace company’s stock valued at $1,551,000 after buying an additional 9,032 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at about $302,000. Institutional investors and hedge funds 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.